PepsiCo, Inc. (NASDAQ:PEP) Stock Position Lowered by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 46,117 shares of the company's stock after selling 2,098 shares during the quarter. PepsiCo comprises approximately 1.3% of SevenBridge Financial Group LLC's holdings, making the stock its 16th largest holding. SevenBridge Financial Group LLC's holdings in PepsiCo were worth $6,716,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Howard Capital Management Group LLC boosted its holdings in PepsiCo by 2.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company's stock worth $777,000 after acquiring an additional 90 shares during the period. HighTower Advisors LLC boosted its stake in shares of PepsiCo by 3.0% in the third quarter. HighTower Advisors LLC now owns 2,503,842 shares of the company's stock valued at $426,141,000 after purchasing an additional 71,751 shares during the period. Harmony Asset Management LLC acquired a new stake in PepsiCo during the 3rd quarter valued at $241,000. Janus Henderson Group PLC increased its stake in PepsiCo by 11.0% during the 3rd quarter. Janus Henderson Group PLC now owns 350,225 shares of the company's stock worth $59,549,000 after buying an additional 34,633 shares during the period. Finally, Investmark Advisory Group LLC boosted its position in PepsiCo by 1.6% in the 3rd quarter. Investmark Advisory Group LLC now owns 21,958 shares of the company's stock valued at $3,734,000 after buying an additional 346 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

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PepsiCo Price Performance

PepsiCo stock traded down $4.76 during trading hours on Friday, hitting $146.61. 12,910,000 shares of the company traded hands, compared to its average volume of 5,939,246. The firm's 50-day simple moving average is $149.33 and its two-hundred day simple moving average is $157.21. The firm has a market cap of $201.05 billion, a P/E ratio of 21.09, a P/E/G ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analysts' expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.78 earnings per share. As a group, analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.70%. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PEP. 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. Royal Bank of Canada assumed coverage on PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 target price for the company. StockNews.com lowered shares of PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. Finally, TD Cowen dropped their target price on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $169.88.

PepsiCo 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.