Ilmarinen Mutual Pension Insurance Co Purchases 49,500 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Ilmarinen Mutual Pension Insurance Co lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 33.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 196,500 shares of the company’s stock after acquiring an additional 49,500 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in PepsiCo were worth $29,880,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Collier Financial bought a new stake in shares of PepsiCo in the 4th quarter valued at $28,000. WealthTrak Capital Management LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo during the 4th quarter worth about $30,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo in the 4th quarter valued at about $30,000. Finally, Legacy Investment Solutions LLC bought a new stake in PepsiCo in the 3rd quarter valued at about $31,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of research reports. Piper Sandler assumed coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. BNP Paribas dropped their price target on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. HSBC reduced their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Finally, Evercore ISI lowered their target price on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $169.88.

PepsiCo Stock Performance

NASDAQ:PEP opened at $146.61 on Friday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm has a market cap of $201.05 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The business’s fifty day moving average is $149.33 and its 200 day moving average is $157.21.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter in the previous year, the company earned $1.78 earnings per share. PepsiCo’s revenue for the quarter was down .2% on a year-over-year basis. Research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.70%. The ex-dividend date was Friday, March 7th. PepsiCo’s dividend payout ratio is 77.99%.

PepsiCo Company 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.