Universal Beteiligungs und Servicegesellschaft mbH Cuts Stock Position in PepsiCo, Inc. $PEP

Universal Beteiligungs und Servicegesellschaft mbH reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,415,856 shares of the company’s stock after selling 6,984 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in PepsiCo were worth $198,843,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Claris Advisors LLC MO boosted its position in PepsiCo by 14.1% during the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock valued at $329,000 after acquiring an additional 308 shares in the last quarter. Merit Financial Group LLC grew its stake in shares of PepsiCo by 46.4% in the second quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock worth $15,098,000 after acquiring an additional 36,239 shares during the period. Clayton Financial Group LLC purchased a new stake in PepsiCo during the third quarter valued at $872,000. Naples Global Advisors LLC raised its position in PepsiCo by 2.3% in the second quarter. Naples Global Advisors LLC now owns 26,270 shares of the company’s stock worth $3,469,000 after acquiring an additional 592 shares during the period. Finally, Avantax Advisory Services Inc. lifted its position in shares of PepsiCo by 2.6% during the 2nd quarter. Avantax Advisory Services Inc. now owns 185,961 shares of the company’s stock valued at $24,554,000 after buying an additional 4,627 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PEP has been the subject of a number of recent analyst reports. Evercore ISI upped their price objective on PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research note on Friday, January 9th. Piper Sandler lifted their price target on shares of PepsiCo from $161.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 9th. DZ Bank upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a research note on Tuesday, October 21st. Finally, BNP Paribas Exane upgraded PepsiCo from a “neutral” rating to an “outperform” rating and set a $179.00 price target for the company in a report on Friday, January 16th. Ten analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, PepsiCo has an average rating of “Hold” and an average target price of $161.32.

PepsiCo Price Performance

NASDAQ PEP opened at $147.66 on Wednesday. The firm’s fifty day simple moving average is $145.74 and its two-hundred day simple moving average is $144.89. The firm has a market capitalization of $201.90 billion, a P/E ratio of 28.07, a P/E/G ratio of 4.79 and a beta of 0.42. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $160.15.

PepsiCo Announces Dividend

The firm also recently declared 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 was Friday, December 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.9%. PepsiCo’s dividend payout ratio (DPR) is 108.17%.

PepsiCo Company 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.