Asset Management One Co. Ltd. Sells 10,840 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Asset Management One Co. Ltd. lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 700,086 shares of the company’s stock after selling 10,840 shares during the quarter. PepsiCo accounts for about 0.6% of Asset Management One Co. Ltd.’s portfolio, making the stock its 28th largest position. Asset Management One Co. Ltd. owned about 0.05% of PepsiCo worth $114,296,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of PEP. Paragon Wealth Strategies LLC bought a new stake in shares of PepsiCo in the 3rd quarter worth about $27,000. Heritage Wealth Management LLC bought a new stake in shares of PepsiCo in the 2nd quarter worth about $33,000. HBC Financial Services PLLC bought a new stake in shares of PepsiCo in the 2nd quarter worth about $41,000. Moisand Fitzgerald Tamayo LLC lifted its holdings in shares of PepsiCo by 157.1% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 270 shares of the company’s stock worth $44,000 after acquiring an additional 165 shares during the last quarter. Finally, EdgeRock Capital LLC bought a new stake in shares of PepsiCo in the 3rd quarter worth about $50,000. Institutional investors own 70.76% of the company’s stock.

Analysts Set New Price Targets

PEP has been the subject of a number of research analyst reports. Argus lifted their price objective on shares of PepsiCo from $195.00 to $206.00 in a report on Wednesday, December 7th. Royal Bank of Canada lifted their price objective on shares of PepsiCo from $165.00 to $170.00 and gave the company a “sector perform” rating in a report on Thursday, October 13th. Wedbush lifted their price objective on shares of PepsiCo from $185.00 to $190.00 in a report on Thursday, October 13th. Barclays lifted their price objective on shares of PepsiCo from $183.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 14th. Finally, Redburn Partners initiated coverage on shares of PepsiCo in a report on Friday, November 4th. They set a “sell” rating and a $141.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, PepsiCo has a consensus rating of “Moderate Buy” and a consensus target price of $183.36.

Insider Transactions at PepsiCo

In other news, CEO Paula Santilli sold 2,787 shares of PepsiCo stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $179.63, for a total value of $500,628.81. Following the transaction, the chief executive officer now owns 59,997 shares of the company’s stock, valued at approximately $10,777,261.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other PepsiCo news, CEO Paula Santilli sold 2,787 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $179.63, for a total transaction of $500,628.81. Following the sale, the chief executive officer now owns 59,997 shares of the company’s stock, valued at approximately $10,777,261.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Marie T. Gallagher sold 5,558 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $180.01, for a total transaction of $1,000,495.58. Following the sale, the senior vice president now directly owns 41,195 shares in the company, valued at approximately $7,415,511.95. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

PepsiCo Stock Up 0.1 %

Shares of PepsiCo stock opened at $170.05 on Monday. The firm’s 50 day moving average price is $180.62 and its 200-day moving average price is $176.09. The company has a quick ratio of 0.72, a current ratio of 0.92 and a debt-to-equity ratio of 1.89. PepsiCo, Inc. has a 52-week low of $153.37 and a 52-week high of $186.84. The company has a market cap of $234.28 billion, a P/E ratio of 24.30, a PEG ratio of 3.04 and a beta of 0.57.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 6th. Stockholders of record on Friday, December 2nd were given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Thursday, December 1st. PepsiCo’s payout ratio is currently 65.81%.

About PepsiCo

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PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. It operates through the following business segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC).