Colonial Trust Advisors Sells 3,678 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Colonial Trust Advisors reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,696 shares of the company's stock after selling 3,678 shares during the period. PepsiCo comprises 1.2% of Colonial Trust Advisors' investment portfolio, making the stock its 25th largest holding. Colonial Trust Advisors' holdings in PepsiCo were worth $13,639,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PEP. Norges Bank bought a new stake in shares of PepsiCo in the 4th quarter valued at about $2,729,565,000. Raymond James Financial Inc. bought a new stake in PepsiCo in the fourth quarter valued at approximately $589,307,000. Charles Schwab Investment Management Inc. increased its position in PepsiCo by 18.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after purchasing an additional 3,856,193 shares during the period. Franklin Resources Inc. lifted its position in shares of PepsiCo by 21.1% in the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock worth $2,293,049,000 after purchasing an additional 2,264,445 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of PepsiCo by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after purchasing an additional 1,376,133 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

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PepsiCo Stock Performance

Shares of NASDAQ PEP traded up $1.15 during midday trading on Monday, reaching $145.58. The company's stock had a trading volume of 2,056,458 shares, compared to its average volume of 6,072,504. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a market capitalization of $199.64 billion, a P/E ratio of 20.95, a PEG ratio of 3.09 and a beta of 0.49. The firm has a 50 day moving average price of $148.37 and a 200-day moving average price of $155.68. PepsiCo, Inc. has a 12-month low of $138.33 and a 12-month high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business's revenue was down .2% compared to the same quarter last year. During the same period last year, the firm posted $1.78 EPS. As a group, equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current 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 paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date was Friday, March 7th. PepsiCo's payout ratio is 77.99%.

Analysts Set New Price Targets

Several brokerages have recently commented on PEP. BNP Paribas reduced their price objective on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and reduced their price target for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Citigroup dropped their price objective on shares of PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. reduced their price objective on PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus 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.