FUKOKU MUTUAL LIFE INSURANCE Co Reduces Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

FUKOKU MUTUAL LIFE INSURANCE Co decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 26.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,830 shares of the company’s stock after selling 1,731 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in PepsiCo were worth $734,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PEP. State Street Corp grew its holdings in PepsiCo by 5.1% in the 3rd quarter. State Street Corp now owns 57,268,030 shares of the company’s stock valued at $9,738,429,000 after buying an additional 2,775,679 shares during the period. Franklin Resources Inc. grew its holdings in shares of PepsiCo by 21.1% during the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company’s stock worth $2,293,049,000 after purchasing an additional 2,264,445 shares during the period. Swedbank AB grew its holdings in shares of PepsiCo by 211.4% during the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after purchasing an additional 1,592,343 shares during the period. Van ECK Associates Corp lifted its position in PepsiCo by 360.0% during the 4th quarter. Van ECK Associates Corp now owns 1,697,742 shares of the company’s stock worth $258,158,000 after acquiring an additional 1,328,672 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its position in PepsiCo by 62.4% during the 4th quarter. Vontobel Holding Ltd. now owns 3,014,101 shares of the company’s stock worth $458,324,000 after acquiring an additional 1,157,835 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 3.1 %

Shares of PepsiCo stock opened at $151.51 on Thursday. The stock has a 50-day moving average price of $148.56 and a 200 day moving average price of $161.80. The company has a market cap of $207.80 billion, a P/E ratio of 21.80, a P/E/G ratio of 3.09 and a beta of 0.54. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41.

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

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.58%. The ex-dividend date is Friday, March 7th. PepsiCo’s payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. HSBC reduced their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. TD Cowen cut their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. cut their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Finally, Wells Fargo & Company cut their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $171.47.

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.