IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 2,640 Shares of PepsiCo, Inc. (NASDAQ:PEP)

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,404 shares of the company’s stock after selling 2,640 shares during the quarter. PepsiCo accounts for 1.6% of IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings, making the stock its 8th biggest position. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in PepsiCo were worth $13,139,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PEP. Collier Financial bought a new stake in shares of PepsiCo in the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC bought a new stake in PepsiCo in the 4th quarter valued at approximately $30,000. Legacy Investment Solutions LLC acquired a new position in PepsiCo during the 3rd quarter worth approximately $31,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $34,000. Finally, Human Investing LLC bought a new stake in shares of PepsiCo in the fourth quarter worth $39,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PEP. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Morgan Stanley reduced their price target on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Finally, Royal Bank of Canada assumed coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price target on the stock. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given 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 $169.88.

PepsiCo Stock Performance

NASDAQ:PEP opened at $148.64 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The stock has a 50 day simple moving average of $149.16 and a 200 day simple moving average of $158.43. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The stock has a market cap of $203.86 billion, a P/E ratio of 21.39, a PEG ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business posted $1.78 earnings per share. PepsiCo’s quarterly revenue was down .2% on a year-over-year basis. Research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm 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. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.65%. PepsiCo’s payout ratio is 77.99%.

About PepsiCo

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.