MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Sells 647 Shares of PepsiCo, Inc. (NASDAQ:PEP)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 32.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,320 shares of the company’s stock after selling 647 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in PepsiCo were worth $231,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Amplius Wealth Advisors LLC boosted its holdings in shares of PepsiCo by 2.8% in the fourth quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock valued at $381,000 after acquiring an additional 60 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its stake in shares of PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after acquiring an additional 61 shares in the last quarter. SYM FINANCIAL Corp boosted its position in PepsiCo by 2.7% during the fourth quarter. SYM FINANCIAL Corp now owns 2,290 shares of the company’s stock worth $389,000 after purchasing an additional 61 shares in the last quarter. Clearwater Capital Advisors LLC raised its stake in shares of PepsiCo by 2.3% during the 4th quarter. Clearwater Capital Advisors LLC now owns 2,758 shares of the company’s stock worth $468,000 after buying an additional 61 shares during the last quarter. Finally, Security Financial Services INC. increased its holdings in PepsiCo by 1.6% during the 1st quarter. Security Financial Services INC. now owns 3,943 shares of the company’s stock valued at $690,000 after acquiring an additional 61 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PEP shares. Wedbush reiterated an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a report on Tuesday, April 23rd. JPMorgan Chase & Co. increased their target price on PepsiCo from $181.00 to $184.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 26th. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Barclays decreased their target price on PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, June 12th. Finally, BNP Paribas started coverage on shares of PepsiCo in a research report on Monday, June 24th. They set a “neutral” rating and a $174.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $186.38.

PepsiCo Stock Performance

PEP opened at $163.58 on Wednesday. The firm has a market capitalization of $224.89 billion, a PE ratio of 24.60, a PEG ratio of 2.71 and a beta of 0.52. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $192.38. The business’s 50-day simple moving average is $173.10 and its 200 day simple moving average is $170.26. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.09. The firm had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.50 earnings per share. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were issued a $1.355 dividend. The ex-dividend date was Friday, June 7th. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a yield of 3.31%. PepsiCo’s payout ratio is currently 81.50%.

Insider Activity

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the completion of the sale, the chief executive officer now owns 53,953 shares of the company’s stock, valued at $9,603,634. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.14% of the company’s stock.

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.