PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Fmr LLC

FMR LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 13.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,843,703 shares of the company's stock after selling 880,761 shares during the quarter. FMR LLC owned 0.43% of PepsiCo worth $888,593,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of PEP. Federated Hermes Inc. grew its holdings in shares of PepsiCo by 19.2% in the 4th quarter. Federated Hermes Inc. now owns 1,752,560 shares of the company's stock worth $266,494,000 after acquiring an additional 282,071 shares during the period. Clarkston Capital Partners LLC grew its holdings in PepsiCo by 0.4% in the fourth quarter. Clarkston Capital Partners LLC now owns 181,624 shares of the company's stock valued at $27,618,000 after purchasing an additional 669 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co increased its position in shares of PepsiCo by 33.7% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 196,500 shares of the company's stock valued at $29,880,000 after buying an additional 49,500 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of PepsiCo by 26.9% in the 4th quarter. Russell Investments Group Ltd. now owns 1,687,231 shares of the company's stock worth $256,511,000 after buying an additional 358,092 shares in the last quarter. Finally, Rahlfs Capital LLC acquired a new stake in PepsiCo in the 4th quarter valued at about $1,599,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Up 0.3 %

Shares of PepsiCo stock traded up $0.46 during trading hours on Friday, reaching $144.60. The stock had a trading volume of 2,932,912 shares, compared to its average volume of 7,531,119. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 1 year low of $138.33 and a 1 year high of $183.41. The firm has a market capitalization of $198.29 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 3.09 and a beta of 0.49. The firm has a 50 day simple moving average of $148.35 and a two-hundred day simple moving average of $155.95.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (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 period in the previous 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 research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date was Friday, March 7th. PepsiCo's dividend payout ratio is presently 77.99%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PEP shares. UBS Group reduced their price target on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. TD Cowen lowered their target price 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 reduced their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Evercore ISI dropped their price objective on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada began coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 price target on the stock. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently 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.