Mutual of America Capital Management LLC Reduces Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Mutual of America Capital Management LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 159,262 shares of the company’s stock after selling 4,866 shares during the period. Mutual of America Capital Management LLC’s holdings in PepsiCo were worth $23,880,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Northern Trust Corp boosted its position in PepsiCo by 8.7% in the fourth quarter. Northern Trust Corp now owns 16,403,395 shares of the company’s stock valued at $2,494,300,000 after buying an additional 1,306,818 shares during the last quarter. Bank of New York Mellon Corp boosted its position in PepsiCo by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company’s stock valued at $2,108,585,000 after buying an additional 49,699 shares during the last quarter. Capital Research Global Investors boosted its position in PepsiCo by 7.4% in the fourth quarter. Capital Research Global Investors now owns 12,048,646 shares of the company’s stock valued at $1,832,116,000 after buying an additional 831,148 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in PepsiCo by 3.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,317,520 shares of the company’s stock valued at $1,720,942,000 after buying an additional 416,537 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in PepsiCo by 1.3% in the fourth quarter. Deutsche Bank AG now owns 8,130,277 shares of the company’s stock valued at $1,236,290,000 after buying an additional 103,271 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on PEP. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Barclays boosted their price target on PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a report on Monday, July 21st. Cowen reissued a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $148.00 price target on shares of PepsiCo in a report on Tuesday, June 24th. Finally, Dbs Bank downgraded PepsiCo from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $158.73.

PepsiCo Stock Up 1.0%

Shares of NASDAQ:PEP opened at $140.80 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The business has a fifty day moving average of $134.99 and a two-hundred day moving average of $140.76. The stock has a market cap of $192.77 billion, a P/E ratio of 25.65, a PEG ratio of 3.72 and a beta of 0.45. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $179.73.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to analysts’ expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.28 EPS. On average, research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo’s dividend payout ratio is currently 103.64%.

About PepsiCo

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.