Factory Mutual Insurance Co. Sells 4,600 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Factory Mutual Insurance Co. reduced its stake in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 3.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 146,200 shares of the company’s stock after selling 4,600 shares during the quarter. Factory Mutual Insurance Co.’s holdings in PepsiCo were worth $25,586,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA grew its holdings in shares of PepsiCo by 80.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after acquiring an additional 70 shares in the last quarter. Fortis Group Advisors LLC grew its stake in PepsiCo by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 97 shares during the period. Life Planning Partners Inc purchased a new stake in shares of PepsiCo during the 4th quarter valued at $34,000. Naples Money Management LLC bought a new stake in shares of PepsiCo during the 4th quarter worth $36,000. Finally, Criterion Capital Advisors LLC purchased a new position in shares of PepsiCo in the 4th quarter worth about $39,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of PEP stock traded down $0.23 during trading hours on Tuesday, reaching $167.85. The stock had a trading volume of 1,819,323 shares, compared to its average volume of 5,486,780. The stock’s fifty day simple moving average is $173.73 and its 200 day simple moving average is $170.36. The firm has a market capitalization of $230.76 billion, a PE ratio of 25.28, a PEG ratio of 2.73 and a beta of 0.52. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $192.38. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEPGet Free Report) last posted its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The business had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. During the same period in the previous year, the business earned $1.50 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. On average, equities research analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a dividend of $1.355 per share. The ex-dividend date is Friday, June 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.23%. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio (DPR) is 81.50%.

Insider Buying and Selling

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the transaction, the chief executive officer now directly owns 53,953 shares in the company, valued at approximately $9,603,634. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Barclays reduced their target price on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, June 12th. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research report on Monday, March 18th. JPMorgan Chase & Co. upped their price target on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. BNP Paribas assumed coverage on PepsiCo in a report on Monday. They issued a “neutral” rating and a $174.00 price objective for the company. Finally, Wedbush reaffirmed an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a report on Tuesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $186.15.

Check Out Our Latest Analysis on PEP

PepsiCo Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEPFree Report).

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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