ASR Vermogensbeheer N.V. Has $59.12 Million Holdings in PepsiCo, Inc. $PEP

ASR Vermogensbeheer N.V. trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 420,953 shares of the company’s stock after selling 5,295 shares during the period. PepsiCo makes up about 0.7% of ASR Vermogensbeheer N.V.’s holdings, making the stock its 18th biggest position. ASR Vermogensbeheer N.V.’s holdings in PepsiCo were worth $59,116,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PEP. Evolution Wealth Management Inc. purchased a new position in PepsiCo during the second quarter valued at approximately $27,000. Legend Financial Advisors Inc. purchased a new position in shares of PepsiCo during the 2nd quarter valued at $29,000. Vermillion & White Wealth Management Group LLC grew its holdings in shares of PepsiCo by 107.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after acquiring an additional 121 shares in the last quarter. Halbert Hargrove Global Advisors LLC increased its stake in shares of PepsiCo by 667.7% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock worth $33,000 after acquiring an additional 207 shares during the last quarter. Finally, Frazier Financial Advisors LLC raised its holdings in shares of PepsiCo by 85.3% during the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after acquiring an additional 122 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PEP shares. Rothschild & Co Redburn boosted their price target on PepsiCo from $117.00 to $120.00 and gave the company a “sell” rating in a research note on Monday, December 15th. Bank of America boosted their target price on shares of PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. BNP Paribas Exane upgraded shares of PepsiCo from a “neutral” rating to an “outperform” rating and set a $179.00 price target on the stock in a report on Friday. Evercore ISI increased their target price on shares of PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Finally, Wells Fargo & Company upped their price target on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research note on Friday, October 10th. Ten analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, PepsiCo has an average rating of “Hold” and a consensus target price of $161.32.

PepsiCo Price Performance

PepsiCo stock opened at $146.32 on Friday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $160.15. The business’s fifty day moving average is $145.62 and its two-hundred day moving average is $144.61. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The firm has a market cap of $200.07 billion, a P/E ratio of 27.82, a P/E/G ratio of 4.80 and a beta of 0.42.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th were paid a $1.4225 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $5.69 annualized dividend and a yield of 3.9%. PepsiCo’s dividend payout ratio is presently 108.17%.

PepsiCo Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.