Mutual of America Capital Management LLC Has $24.96 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Mutual of America Capital Management LLC cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 164,128 shares of the company’s stock after selling 4,787 shares during the quarter. Mutual of America Capital Management LLC’s holdings in PepsiCo were worth $24,957,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Tower Bridge Advisors raised its stake in shares of PepsiCo by 0.6% in the fourth quarter. Tower Bridge Advisors now owns 95,688 shares of the company’s stock valued at $14,550,000 after purchasing an additional 605 shares in the last quarter. Tufton Capital Management raised its stake in shares of PepsiCo by 0.5% in the fourth quarter. Tufton Capital Management now owns 34,513 shares of the company’s stock valued at $5,248,000 after purchasing an additional 180 shares in the last quarter. Dynasty Wealth Management LLC acquired a new position in shares of PepsiCo in the fourth quarter valued at $250,000. Altrius Capital Management Inc raised its stake in shares of PepsiCo by 4.4% in the fourth quarter. Altrius Capital Management Inc now owns 25,979 shares of the company’s stock valued at $3,951,000 after purchasing an additional 1,096 shares in the last quarter. Finally, Pettyjohn Wood & White Inc. raised its stake in shares of PepsiCo by 0.7% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 61,413 shares of the company’s stock valued at $9,338,000 after purchasing an additional 435 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PEP has been the subject of a number of recent research reports. Evercore ISI cut their target price on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft cut their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. cut their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. HSBC lowered their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Finally, BNP Paribas lowered their price target on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $171.47.

PepsiCo Price Performance

Shares of PEP stock opened at $153.47 on Friday. The stock’s fifty day moving average is $148.59 and its 200-day moving average is $161.60. 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 stock has a market capitalization of $210.48 billion, a PE ratio of 22.08, a PEG ratio of 3.09 and a beta of 0.54. 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 results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to analysts’ expectations 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 last year, the business earned $1.78 earnings per share. Equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.53%. The ex-dividend date is 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.