Wellington Management Group LLP Lowers Position in PepsiCo, Inc. (NASDAQ:PEP)

Wellington Management Group LLP reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,768,344 shares of the company's stock after selling 330,207 shares during the quarter. Wellington Management Group LLP owned 0.86% of PepsiCo worth $1,789,494,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Skba Capital Management LLC increased its stake in PepsiCo by 3.7% in the fourth quarter. Skba Capital Management LLC now owns 38,120 shares of the company's stock valued at $5,797,000 after acquiring an additional 1,350 shares during the last quarter. Partners in Financial Planning bought a new stake in shares of PepsiCo during the 4th quarter worth $213,000. Clearbridge Investments LLC boosted its stake in PepsiCo by 26.9% in the fourth quarter. Clearbridge Investments LLC now owns 1,755,099 shares of the company's stock valued at $266,880,000 after buying an additional 372,419 shares in the last quarter. Brandywine Global Investment Management LLC bought a new position in PepsiCo in the fourth quarter valued at about $44,301,000. Finally, RWA Wealth Partners LLC lifted its holdings in shares of PepsiCo by 11.6% in the fourth quarter. RWA Wealth Partners LLC now owns 239,231 shares of the company's stock worth $36,377,000 after acquiring an additional 24,923 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 2.5 %

PepsiCo stock traded up $3.69 during midday trading on Thursday, reaching $152.81. The stock had a trading volume of 3,461,721 shares, compared to its average volume of 5,891,125. The company has a fifty day moving average price of $149.32 and a two-hundred day moving average price of $157.46. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. 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 company has a market capitalization of $209.58 billion, a P/E ratio of 21.99, a PEG ratio of 3.09 and a beta of 0.52.

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PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates 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 in the prior year, the firm earned $1.78 earnings per share. PepsiCo's revenue for the quarter was down .2% on a year-over-year basis. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is 77.99%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PEP. Jefferies Financial Group lowered shares of PepsiCo from a "buy" rating to a "hold" rating and decreased their price target for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. Barclays downgraded shares of PepsiCo from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $168.00 to $156.00 in a report on Tuesday, March 18th. Royal Bank of Canada started coverage on PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price objective on the stock. TD Cowen cut their price target on PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Finally, CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. One research 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. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $169.88.

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.