Rathbones Group PLC Has $77.85 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Rathbones Group PLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 511,949 shares of the company's stock after selling 45,177 shares during the period. Rathbones Group PLC's holdings in PepsiCo were worth $77,847,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group dropped their target price on PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. HSBC lowered their price objective on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Citigroup reduced their price target on PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Evercore ISI dropped their price objective on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Finally, StockNews.com downgraded PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. One investment 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's stock. According to data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and an average price target of $169.88.

PepsiCo Stock Performance

PepsiCo stock traded up $0.53 during midday trading on Friday, hitting $144.67. The company's stock had a trading volume of 3,428,486 shares, compared to its average volume of 6,059,029. The company has a 50-day moving average price of $148.35 and a two-hundred day moving average price of $155.95. PepsiCo, Inc. has a 1-year low of $138.33 and a 1-year high of $183.41. The company has a market cap of $198.38 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 3.09 and a beta of 0.49. 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 released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. The company had revenue of $27.78 billion during 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 firm's quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business earned $1.78 earnings per share. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is currently 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.