Blair William & Co. IL Has $84.93 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Blair William & Co. IL trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 558,547 shares of the company's stock after selling 33,833 shares during the quarter. Blair William & Co. IL's holdings in PepsiCo were worth $84,933,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PEP. Howard Capital Management Group LLC increased its stake in shares of 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 purchasing an additional 90 shares during the last quarter. DRW Securities LLC grew its position in PepsiCo by 59.8% in the third quarter. DRW Securities LLC now owns 4,250 shares of the company's stock valued at $723,000 after acquiring an additional 1,591 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in PepsiCo by 7.1% during the third quarter. Loomis Sayles & Co. L P now owns 1,965 shares of the company's stock worth $334,000 after acquiring an additional 130 shares in the last quarter. FMR LLC boosted its stake in shares of PepsiCo by 4.4% in the 3rd quarter. FMR LLC now owns 6,724,464 shares of the company's stock valued at $1,143,495,000 after purchasing an additional 281,318 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. grew its holdings in shares of PepsiCo by 9.8% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 5,438 shares of the company's stock valued at $925,000 after purchasing an additional 487 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

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PepsiCo Trading Down 0.3 %

Shares of PepsiCo stock traded down $0.40 on Friday, hitting $149.27. 8,549,260 shares of the company's stock traded hands, compared to its average volume of 5,875,691. The company has a fifty day moving average of $149.25 and a two-hundred day moving average of $158.03. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a market capitalization of $204.72 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS 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 company had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter last year, the firm posted $1.78 EPS. The company's quarterly revenue was down .2% on a year-over-year basis. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.63%. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.

Analyst Ratings Changes

PEP has been the topic of a number of research analyst reports. TD Cowen cut their target price on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. UBS Group cut their price objective on PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft cut their price target on PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. Finally, StockNews.com lowered shares of PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price 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.