Unigestion Holding SA Sells 93,123 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Unigestion Holding SA cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 41.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 131,027 shares of the company’s stock after selling 93,123 shares during the period. Unigestion Holding SA’s holdings in PepsiCo were worth $19,921,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in PEP. Federated Hermes Inc. boosted its stake in shares of PepsiCo by 19.2% in the 4th quarter. Federated Hermes Inc. now owns 1,752,560 shares of the company’s stock worth $266,494,000 after buying an additional 282,071 shares during the last quarter. Clarkston Capital Partners LLC lifted its holdings in PepsiCo by 0.4% in the fourth quarter. Clarkston Capital Partners LLC now owns 181,624 shares of the company’s stock valued at $27,618,000 after acquiring an additional 669 shares during the period. Ilmarinen Mutual Pension Insurance Co boosted its position in PepsiCo by 33.7% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 196,500 shares of the company’s stock worth $29,880,000 after purchasing an additional 49,500 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of PepsiCo by 26.9% during the 4th quarter. Russell Investments Group Ltd. now owns 1,687,231 shares of the company’s stock valued at $256,511,000 after purchasing an additional 358,092 shares during the last quarter. Finally, Rahlfs Capital LLC bought a new position in shares of PepsiCo in the 4th quarter worth approximately $1,599,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on PEP. TD Cowen decreased their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. BNP Paribas decreased their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Citigroup cut their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. UBS Group lowered their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, Morgan Stanley reduced their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $169.88.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $146.61 on Friday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm has a market cap of $201.05 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 3.09 and a beta of 0.49. The firm has a fifty day moving average price of $149.33 and a 200 day moving average price of $157.07. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $1.78 earnings per share. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.70%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.