Mitsubishi UFJ Trust & Banking Corp Sells 30,385 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 863,940 shares of the company’s stock after selling 30,385 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in PepsiCo were worth $131,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Collier Financial bought a new position in shares of PepsiCo in the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC purchased a new position in PepsiCo during the fourth quarter valued at $30,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo during the 3rd quarter valued at $31,000. Bay Harbor Wealth Management LLC bought a new position in shares of PepsiCo in the 4th quarter worth about $34,000. Finally, Human Investing LLC bought a new position in shares of PepsiCo in the 4th quarter worth about $39,000. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of recent research reports. CICC Research restated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Royal Bank of Canada started coverage on PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 price target on the stock. Barclays cut PepsiCo from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $168.00 to $156.00 in a research note on Tuesday, March 18th. Piper Sandler began coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price on the stock. Finally, UBS Group lowered their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $169.88.

PepsiCo Stock Performance

PEP stock opened at $146.45 on Tuesday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The company has a market cap of $200.86 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The stock’s fifty day moving average price is $149.08 and its 200-day moving average price is $158.73.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.78 earnings per share. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

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

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.