Robeco Institutional Asset Management B.V. Has $95.69 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Robeco Institutional Asset Management B.V. reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 13.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 629,275 shares of the company’s stock after selling 96,969 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in PepsiCo were worth $95,688,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Twelve Points Wealth Management LLC increased its stake in PepsiCo by 38.9% during the 4th quarter. Twelve Points Wealth Management LLC now owns 13,228 shares of the company’s stock worth $2,011,000 after acquiring an additional 3,702 shares during the period. Gateway Wealth Partners LLC increased its stake in PepsiCo by 7.8% during the 4th quarter. Gateway Wealth Partners LLC now owns 6,266 shares of the company’s stock worth $953,000 after acquiring an additional 456 shares during the period. Capital Investment Counsel LLC increased its stake in PepsiCo by 4.1% during the 4th quarter. Capital Investment Counsel LLC now owns 35,467 shares of the company’s stock worth $5,393,000 after acquiring an additional 1,385 shares during the period. Mayflower Financial Advisors LLC increased its stake in PepsiCo by 3.8% during the 4th quarter. Mayflower Financial Advisors LLC now owns 13,271 shares of the company’s stock worth $2,018,000 after acquiring an additional 487 shares during the period. Finally, Stonegate Investment Group LLC increased its stake in PepsiCo by 12.7% during the 4th quarter. Stonegate Investment Group LLC now owns 25,785 shares of the company’s stock worth $3,921,000 after acquiring an additional 2,902 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $150.25 on Wednesday. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The firm has a market capitalization of $206.14 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 2.86 and a beta of 0.54. The business has a 50-day simple moving average of $153.81 and a 200 day simple moving average of $165.28. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio is currently 79.94%.

Wall Street Analysts Forecast Growth

PEP has been the topic of several recent analyst reports. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft cut their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Barclays cut their price objective on PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, Redburn Atlantic raised PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $177.00.

PepsiCo 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.