MML Investors Services LLC Has $30.31 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

MML Investors Services LLC reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 29.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 199,356 shares of the company's stock after selling 83,005 shares during the period. MML Investors Services LLC's holdings in PepsiCo were worth $30,314,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. MetLife Investment Management LLC raised its stake in shares of PepsiCo by 1.1% in the 4th quarter. MetLife Investment Management LLC now owns 411,084 shares of the company's stock worth $62,509,000 after buying an additional 4,422 shares in the last quarter. Natixis boosted its position in PepsiCo by 120.3% during the fourth quarter. Natixis now owns 650,938 shares of the company's stock valued at $98,982,000 after purchasing an additional 355,508 shares during the last quarter. Norinchukin Bank The grew its stake in shares of PepsiCo by 7.3% in the 4th quarter. Norinchukin Bank The now owns 72,443 shares of the company's stock valued at $11,016,000 after buying an additional 4,929 shares in the last quarter. Ossiam increased its stake in shares of PepsiCo by 138.9% during the 4th quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after purchasing an additional 42,793 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its holdings in PepsiCo by 0.9% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 239,784 shares of the company's stock worth $36,462,000 after purchasing an additional 2,054 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 0.8 %

Shares of NASDAQ PEP traded down $1.19 during trading hours on Wednesday, hitting $142.27. The company had a trading volume of 7,747,503 shares, compared to its average volume of 6,107,278. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The firm's 50 day moving average is $148.10 and its 200-day moving average is $154.48. PepsiCo, Inc. has a 1-year low of $138.33 and a 1-year high of $183.41. The stock has a market capitalization of $195.09 billion, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted 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. The business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm's revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.78 EPS. On average, analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.81%. The ex-dividend date was Friday, March 7th. PepsiCo's payout ratio is 77.99%.

Analysts Set New Price Targets

Several research firms recently weighed in on PEP. CICC Research reissued a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. Barclays downgraded PepsiCo from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $168.00 to $156.00 in a research report on Tuesday, March 18th. TD Cowen decreased their price objective on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. HSBC cut their price target on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Finally, Piper Sandler started coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 target price for the company. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $167.24.

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.