PepsiCo, Inc. (NASDAQ:PEP) Holdings Cut by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC decreased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,397 shares of the company's stock after selling 17,183 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in PepsiCo were worth $19,372,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Clearbridge Investments LLC increased its holdings in PepsiCo by 26.9% in the 4th quarter. Clearbridge Investments LLC now owns 1,755,099 shares of the company's stock worth $266,880,000 after buying an additional 372,419 shares during the period. Brandywine Global Investment Management LLC acquired a new position in PepsiCo during the fourth quarter valued at $44,301,000. RWA Wealth Partners LLC grew its position in PepsiCo by 11.6% during the 4th quarter. RWA Wealth Partners LLC now owns 239,231 shares of the company's stock worth $36,377,000 after purchasing an additional 24,923 shares during the period. Summit Securities Group LLC acquired a new stake in PepsiCo in the 4th quarter valued at $33,000. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of PepsiCo by 15.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,516,146 shares of the company's stock valued at $686,725,000 after purchasing an additional 595,257 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 2.5 %

NASDAQ PEP traded up $3.69 during mid-day trading on Thursday, reaching $152.81. 3,461,721 shares of the company's stock traded hands, compared to its average volume of 5,891,125. The company has a market cap of $209.58 billion, a price-to-earnings ratio of 21.99, a P/E/G ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The company has a fifty day simple moving average of $149.32 and a 200-day simple moving average of $157.46. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

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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 net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion for the quarter, compared to analysts' expectations of $27.89 billion. During the same period in the prior year, the company earned $1.78 earnings per share. The firm's revenue was down .2% compared to the same quarter last year. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on PEP shares. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and lowered their price target for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. Citigroup lowered their target price on shares of PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. BNP Paribas dropped their price objective on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Finally, HSBC cut their target price on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $169.88.

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.