Banco Bilbao Vizcaya Argentaria S.A. Has $14.10 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Banco Bilbao Vizcaya Argentaria S.A. trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 18.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,509 shares of the company's stock after selling 21,465 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in PepsiCo were worth $14,100,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. WealthTrak Capital Management LLC acquired a new stake in PepsiCo during the 4th quarter valued at $28,000. Collier Financial acquired a new stake in PepsiCo during the fourth quarter worth approximately $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo during the fourth quarter worth approximately $30,000. Prudent Man Investment Management Inc. bought a new position in PepsiCo during the 4th quarter worth $30,000. Finally, Summit Securities Group LLC acquired a new stake in PepsiCo in the 4th quarter worth about $33,000. Institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup dropped their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday. HSBC reduced their target price on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. TD Cowen reduced their price target on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. boosted their target price on shares of PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research note on Monday, April 21st. Finally, Wells Fargo & Company dropped their price target on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $162.00.

PepsiCo Trading Down 1.4 %

NASDAQ:PEP traded down $1.93 on Friday, reaching $133.38. 11,537,466 shares of the stock traded hands, compared to its average volume of 6,152,649. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 1-year low of $131.80 and a 1-year high of $183.41. The company's 50 day moving average is $147.70 and its 200-day moving average is $153.79. The firm has a market capitalization of $182.91 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.04). The firm had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 4.06%. PepsiCo's dividend payout ratio is currently 77.99%.

PepsiCo 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.