Securian Asset Management Inc. Has $11.21 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Securian Asset Management Inc. lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,738 shares of the company’s stock after selling 2,232 shares during the quarter. Securian Asset Management Inc.’s holdings in PepsiCo were worth $11,213,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of PEP. Paulson Wealth Management Inc. boosted its holdings in PepsiCo by 2.1% during the 3rd quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company’s stock worth $508,000 after acquiring an additional 60 shares during the last quarter. Tcfg Wealth Management LLC boosted its holdings in PepsiCo by 3.5% during the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after acquiring an additional 66 shares during the last quarter. BIP Wealth LLC raised its stake in shares of PepsiCo by 1.9% during the 3rd quarter. BIP Wealth LLC now owns 3,601 shares of the company’s stock worth $612,000 after purchasing an additional 67 shares during the period. Lincoln Capital LLC raised its stake in shares of PepsiCo by 0.4% during the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock worth $2,556,000 after purchasing an additional 70 shares during the period. Finally, Marshall Financial Group LLC raised its stake in shares of PepsiCo by 2.3% during the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company’s stock worth $476,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Morgan Stanley lowered their target price on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. CICC Research restated a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Barclays boosted their price objective on PepsiCo from $153.00 to $168.00 and gave the company an “overweight” rating in a research note on Thursday, March 6th. TD Cowen lowered their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, Evercore ISI decreased their price target on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus price target of $172.35.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $152.33 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market cap of $208.92 billion, a PE ratio of 21.92, a P/E/G ratio of 3.09 and a beta of 0.52. The business has a 50 day moving average of $148.90 and a 200 day moving average of $160.46. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.78 earnings per share. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio is presently 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.