KBC Group NV Reduces Holdings in PepsiCo (PEP)

KBC Group NV lessened its stake in PepsiCo (NASDAQ:PEP) by 16.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 870,395 shares of the company’s stock after selling 177,526 shares during the quarter. PepsiCo accounts for about 0.9% of KBC Group NV’s holdings, making the stock its 16th biggest position. KBC Group NV owned approximately 0.06% of PepsiCo worth $104,378,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. grew its position in PepsiCo by 233.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,500 shares of the company’s stock worth $180,000 after acquiring an additional 1,050 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in PepsiCo in the fourth quarter worth approximately $197,000. Round Table Services LLC bought a new stake in PepsiCo in the fourth quarter worth approximately $201,000. First National Bank of Mount Dora Trust Investment Services bought a new stake in PepsiCo in the fourth quarter worth approximately $201,000. Finally, Crescent Grove Advisors LLC bought a new stake in PepsiCo in the fourth quarter worth approximately $203,000. Hedge funds and other institutional investors own 70.91% of the company’s stock.

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Shares of PepsiCo stock opened at $102.48 on Monday. The company has a quick ratio of 1.37, a current ratio of 1.51 and a debt-to-equity ratio of 3.03. PepsiCo has a fifty-two week low of $102.27 and a fifty-two week high of $122.51. The firm has a market capitalization of $145,464.72, a price-to-earnings ratio of 19.59, a P/E/G ratio of 2.43 and a beta of 0.66.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.01. PepsiCo had a net margin of 7.65% and a return on equity of 61.14%. The firm had revenue of $19.53 billion during the quarter, compared to the consensus estimate of $19.40 billion. During the same period in the prior year, the firm earned $1.20 EPS. The business’s revenue was up .1% on a year-over-year basis. equities research analysts expect that PepsiCo will post 5.7 earnings per share for the current fiscal year.

PepsiCo announced that its Board of Directors has authorized a share repurchase plan on Tuesday, February 13th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 2nd were issued a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date was Thursday, March 1st. PepsiCo’s dividend payout ratio (DPR) is presently 61.57%.

PEP has been the subject of several recent analyst reports. BidaskClub downgraded shares of PepsiCo from a “hold” rating to a “sell” rating in a report on Friday. Goldman Sachs reaffirmed a “sell” rating on shares of PepsiCo in a report on Tuesday, April 17th. TheStreet downgraded shares of PepsiCo from a “b-” rating to a “c+” rating in a report on Thursday, March 1st. SunTrust Banks decreased their price objective on shares of PepsiCo from $125.00 to $115.00 and set a “hold” rating for the company in a report on Wednesday, February 14th. Finally, JPMorgan Chase decreased their price objective on shares of PepsiCo from $127.00 to $124.00 and set an “overweight” rating for the company in a report on Wednesday, February 14th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. PepsiCo presently has an average rating of “Hold” and an average price target of $123.04.

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About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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