PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by FineMark National Bank & Trust

FineMark National Bank & Trust cut its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,544 shares of the company's stock after selling 3,543 shares during the quarter. FineMark National Bank & Trust's holdings in PepsiCo were worth $7,990,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in shares of PepsiCo in the 4th quarter worth $589,307,000. Charles Schwab Investment Management Inc. boosted its holdings in PepsiCo by 18.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock worth $3,834,504,000 after acquiring an additional 3,856,193 shares in the last quarter. State Street Corp grew its stake in shares of PepsiCo by 5.1% during the third quarter. State Street Corp now owns 57,268,030 shares of the company's stock worth $9,738,429,000 after acquiring an additional 2,775,679 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of PepsiCo by 21.1% during the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock valued at $2,293,049,000 after acquiring an additional 2,264,445 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in PepsiCo by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock worth $20,280,471,000 after purchasing an additional 1,376,133 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

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PepsiCo Price Performance

Shares of PepsiCo stock traded down $0.40 on Friday, reaching $149.27. The company's stock had a trading volume of 8,549,260 shares, compared to its average volume of 5,875,691. 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 $204.72 billion, a P/E ratio of 21.48, a PEG ratio of 3.09 and a beta of 0.52. The stock has a 50-day moving average price of $149.25 and a 200-day moving average price of $158.03. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm's revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 EPS. Analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.63%. PepsiCo's payout ratio is currently 77.99%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup decreased their price target on shares of PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Evercore ISI lowered their price target on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. TD Cowen cut their price objective on PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. BNP Paribas dropped their target price on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Finally, HSBC reduced their price target on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, PepsiCo currently 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.