Alliancebernstein L.P. Decreases Stake in PepsiCo, Inc. (NASDAQ:PEP)

Alliancebernstein L.P. reduced its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 14.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,959,440 shares of the company's stock after selling 338,771 shares during the period. Alliancebernstein L.P. owned about 0.14% of PepsiCo worth $297,952,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Howard Capital Management Group LLC lifted its stake in PepsiCo by 2.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company's stock valued at $777,000 after buying an additional 90 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of PepsiCo in the third quarter worth $527,000. Benjamin Edwards Inc. lifted its position in shares of PepsiCo by 739.9% in the third quarter. Benjamin Edwards Inc. now owns 119,863 shares of the company's stock valued at $20,394,000 after acquiring an additional 105,592 shares in the last quarter. Ascent Group LLC boosted its stake in shares of PepsiCo by 36.9% during the third quarter. Ascent Group LLC now owns 42,837 shares of the company's stock valued at $7,284,000 after acquiring an additional 11,553 shares during the last quarter. Finally, Community Bank N.A. increased its position in PepsiCo by 1.3% during the 3rd quarter. Community Bank N.A. now owns 62,201 shares of the company's stock worth $10,577,000 after purchasing an additional 785 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.2 %

Shares of PepsiCo stock traded down $0.27 during trading hours on Tuesday, hitting $149.67. The company's stock had a trading volume of 6,071,734 shares, compared to its average volume of 5,897,074. 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 capitalization of $205.27 billion, a PE ratio of 21.54, a P/E/G ratio of 3.09 and a beta of 0.52. The business has a fifty day moving average of $149.30 and a 200 day moving average of $157.52. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41.

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PepsiCo (NASDAQ:PEP - Get Free Report) last released 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 return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same period last year, the company posted $1.78 earnings per share. The firm's revenue was down .2% compared to the same quarter last year. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date was Friday, March 7th. PepsiCo's dividend payout ratio is presently 77.99%.

Analyst Ratings Changes

Several equities research analysts have issued reports on PEP shares. Evercore ISI decreased their price target on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. UBS Group decreased their target price on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company cut their price target on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Morgan Stanley decreased their price objective on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Finally, Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and dropped their target price for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, PepsiCo has an average rating of "Hold" and an average target price of $169.88.

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.