Rockefeller Capital Management L.P. lessened its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 615,790 shares of the company's stock after selling 10,885 shares during the period. Rockefeller Capital Management L.P.'s holdings in PepsiCo were worth $93,678,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of PEP. Assenagon Asset Management S.A. grew its position in PepsiCo by 104.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company's stock valued at $259,350,000 after buying an additional 870,451 shares during the period. Hudson Valley Investment Advisors Inc. ADV grew its position in shares of PepsiCo by 12.8% during the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company's stock valued at $6,323,000 after acquiring an additional 4,712 shares during the period. Guinness Asset Management LTD raised its holdings in PepsiCo by 5.2% in the 4th quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company's stock worth $188,031,000 after purchasing an additional 61,541 shares during the period. WCM Investment Management LLC grew its holdings in PepsiCo by 147.6% during the fourth quarter. WCM Investment Management LLC now owns 14,692 shares of the company's stock valued at $2,229,000 after purchasing an additional 8,759 shares during the period. Finally, Everence Capital Management Inc. increased its position in PepsiCo by 48.2% in the fourth quarter. Everence Capital Management Inc. now owns 56,089 shares of the company's stock worth $8,529,000 after buying an additional 18,250 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.
PepsiCo Trading Down 2.7 %
Shares of NASDAQ PEP traded down $3.91 during midday trading on Tuesday, hitting $142.84. The company's stock had a trading volume of 5,449,888 shares, compared to its average volume of 6,082,928. The business's 50 day moving average is $148.39 and its two-hundred day moving average is $155.52. PepsiCo, Inc. has a 12-month low of $138.33 and a 12-month high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The firm has a market cap of $195.88 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49.
PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business's revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the company earned $1.78 earnings per share. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.
PepsiCo Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.79%. PepsiCo's dividend payout ratio is currently 77.99%.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on PEP. Deutsche Bank Aktiengesellschaft cut their price objective on PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. HSBC lowered their price target on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. CICC Research restated a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. UBS Group decreased their price target on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Finally, Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and cut their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and a consensus target price of $168.12.
View Our Latest Research Report on PEP
About PepsiCo
(
Free Report)
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.
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