Los Angeles Capital Management & Equity Research Inc. Sells 434,749 Shares of PepsiCo (PEP)

Los Angeles Capital Management & Equity Research Inc. cut its holdings in PepsiCo (NASDAQ:PEP) by 36.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 773,674 shares of the company’s stock after selling 434,749 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned about 0.05% of PepsiCo worth $92,779,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Prudential Financial Inc. boosted its position in shares of PepsiCo by 26.1% during the third quarter. Prudential Financial Inc. now owns 4,354,014 shares of the company’s stock worth $485,168,000 after purchasing an additional 899,911 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of PepsiCo by 3,234.3% during the fourth quarter. SG Americas Securities LLC now owns 471,207 shares of the company’s stock worth $56,507,000 after purchasing an additional 457,075 shares in the last quarter. APG Asset Management N.V. boosted its position in shares of PepsiCo by 6.6% during the fourth quarter. APG Asset Management N.V. now owns 6,708,832 shares of the company’s stock worth $669,989,000 after purchasing an additional 413,900 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of PepsiCo by 16.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,989,202 shares of the company’s stock worth $238,634,000 after purchasing an additional 284,979 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of PepsiCo by 3.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 8,126,159 shares of the company’s stock worth $974,344,000 after purchasing an additional 252,631 shares in the last quarter. 70.95% of the stock is currently owned by hedge funds and other institutional investors.

PEP opened at $109.26 on Friday. The firm has a market capitalization of $154,265.28, a P/E ratio of 20.89, a P/E/G ratio of 2.57 and a beta of 0.66. PepsiCo has a 12 month low of $105.94 and a 12 month high of $122.51. The company has a current ratio of 1.51, a quick ratio of 1.37 and a debt-to-equity ratio of 3.03.



PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.30 by $0.01. The business had revenue of $19.53 billion for the quarter, compared to analysts’ expectations of $19.40 billion. PepsiCo had a net margin of 7.65% and a return on equity of 61.14%. The firm’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 EPS. equities analysts forecast that PepsiCo will post 5.7 EPS for the current year.

PepsiCo announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 13th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 2nd were given a $0.805 dividend. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $3.22 annualized dividend and a yield of 2.95%. PepsiCo’s dividend payout ratio is currently 61.57%.

A number of equities analysts have recently weighed in on the stock. Stifel Nicolaus reissued a “hold” rating and set a $120.00 price target on shares of PepsiCo in a research report on Friday, December 22nd. BidaskClub cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Jefferies Group reissued a “hold” rating and set a $113.00 price target on shares of PepsiCo in a research report on Tuesday, February 13th. SunTrust Banks reduced their price target on shares of PepsiCo from $125.00 to $115.00 and set a “hold” rating on the stock in a research report on Wednesday, February 14th. Finally, Zacks Investment Research cut shares of PepsiCo from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. PepsiCo currently has a consensus rating of “Hold” and a consensus target price 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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