Massachusetts Financial Services Co. MA Trims Stake in PepsiCo, Inc. (NASDAQ:PEP)

Massachusetts Financial Services Co. MA reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,954,952 shares of the company's stock after selling 428,669 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.73% of PepsiCo worth $1,513,750,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. WealthTrak Capital Management LLC bought a new position in PepsiCo during the fourth quarter worth about $28,000. Collier Financial bought a new stake in PepsiCo during the fourth quarter worth $28,000. Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo during the 3rd quarter worth approximately $31,000. Creative Capital Management Investments LLC bought a new stake in PepsiCo in the 4th quarter valued at $30,000. Finally, Prudent Man Investment Management Inc. bought a new stake in shares of PepsiCo in the fourth quarter valued at approximately $30,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PEP shares. BNP Paribas dropped their price target on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. TD Cowen reduced their target price on PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Evercore ISI dropped their price objective on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. Finally, Citigroup dropped their price objective on PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $169.88.

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PepsiCo Stock Down 0.4 %

PEP traded down $0.55 during trading on Wednesday, hitting $149.12. The stock had a trading volume of 5,855,749 shares, compared to its average volume of 5,899,894. The stock has a 50 day simple moving average of $149.32 and a two-hundred day simple moving average of $157.46. The company has a market capitalization of $204.52 billion, a PE ratio of 21.46, a PEG ratio of 3.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.78 earnings per share. On average, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is 77.99%.

PepsiCo Company 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.