Kidder Stephen W Sells 3,825 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Kidder Stephen W trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 16.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,793 shares of the company's stock after selling 3,825 shares during the period. Kidder Stephen W's holdings in PepsiCo were worth $3,010,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Collier Financial bought a new position in PepsiCo during the 4th quarter valued at $28,000. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC purchased a new position in PepsiCo during the fourth quarter worth about $30,000. Prudent Man Investment Management Inc. bought a new stake in PepsiCo in the 4th quarter worth about $30,000. Finally, Legacy Investment Solutions LLC purchased a new stake in PepsiCo in the 3rd quarter valued at about $31,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

NASDAQ:PEP traded down $4.76 during mid-day trading on Friday, hitting $146.61. 12,910,000 shares of the stock traded hands, compared to its average volume of 5,945,353. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. 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 cap of $201.05 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. The business's 50-day moving average price is $149.33 and its 200 day moving average price is $157.07.

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PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion for the quarter, compared to analysts' expectations of $27.89 billion. During the same quarter in the prior year, the firm posted $1.78 earnings per share. The business's quarterly revenue was down .2% on a year-over-year basis. On average, analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.70%. PepsiCo's payout ratio is presently 77.99%.

Analyst Upgrades and Downgrades

PEP has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. JPMorgan Chase & Co. lowered their target price on PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Citigroup decreased their price objective 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. HSBC dropped their target price on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Finally, CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned 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 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.