PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Somerville Kurt F

Somerville Kurt F lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 15.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,581 shares of the company's stock after selling 2,813 shares during the quarter. Somerville Kurt F's holdings in PepsiCo were worth $2,369,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of PepsiCo in the 4th quarter valued at approximately $2,729,565,000. Raymond James Financial Inc. purchased a new stake in PepsiCo in the fourth quarter valued at approximately $589,307,000. Charles Schwab Investment Management Inc. boosted its position in shares of PepsiCo by 18.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock worth $3,834,504,000 after buying an additional 3,856,193 shares during the period. State Street Corp grew its stake in shares of PepsiCo by 5.1% in the third quarter. State Street Corp now owns 57,268,030 shares of the company's stock valued at $9,738,429,000 after buying an additional 2,775,679 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in PepsiCo by 21.1% during the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock worth $2,293,049,000 after acquiring an additional 2,264,445 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of PepsiCo stock traded up $0.39 on Tuesday, hitting $143.58. The stock had a trading volume of 2,813,384 shares, compared to its average volume of 5,967,516. The company's 50 day moving average price is $149.10 and its 200 day moving average price is $156.72. The stock has a market cap of $196.89 billion, a price-to-earnings ratio of 20.70, a P/E/G ratio of 3.09 and a beta of 0.49. 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 52-week low of $140.67 and a 52-week 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 for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the prior year, the company earned $1.78 earnings per share. The company's revenue was down .2% compared to the same quarter last year. On average, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.77%. PepsiCo's payout ratio is 77.99%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Evercore ISI cut their price target on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Royal Bank of Canada began coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 price target for the company. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. Morgan Stanley decreased their target price on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Finally, Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and decreased their price target for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, PepsiCo has an average rating of "Hold" and a consensus target price of $169.88.

About PepsiCo

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.