Puzo Michael J Has $1.70 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Puzo Michael J cut its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 30.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,187 shares of the company's stock after selling 4,858 shares during the period. Puzo Michael J's holdings in PepsiCo were worth $1,701,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PEP. AllGen Financial Advisors Inc. boosted its position in PepsiCo by 2.3% in the 4th quarter. AllGen Financial Advisors Inc. now owns 20,649 shares of the company's stock valued at $3,140,000 after buying an additional 457 shares during the last quarter. Prudential PLC grew its holdings in PepsiCo by 333.6% during the 4th quarter. Prudential PLC now owns 14,408 shares of the company's stock worth $2,191,000 after acquiring an additional 11,085 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of PepsiCo by 2.9% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,058 shares of the company's stock valued at $775,000 after acquiring an additional 142 shares during the last quarter. Atlas Capital Advisors Inc. boosted its position in shares of PepsiCo by 9.5% in the 4th quarter. Atlas Capital Advisors Inc. now owns 1,149 shares of the company's stock worth $175,000 after purchasing an additional 100 shares during the last quarter. Finally, Arete Wealth Advisors LLC lifted its stake in PepsiCo by 31.0% in the fourth quarter. Arete Wealth Advisors LLC now owns 16,124 shares of the company's stock valued at $2,447,000 after buying an additional 3,811 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

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Analysts Set New Price Targets

A number of analysts recently weighed in on PEP shares. Barclays downgraded shares of PepsiCo from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $168.00 to $156.00 in a research report on Tuesday, March 18th. JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. StockNews.com lowered PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. TD Cowen dropped their price target on PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Finally, Evercore ISI decreased their price objective on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. 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 MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $169.88.

PepsiCo Stock Down 3.1 %

Shares of NASDAQ PEP traded down $4.76 during trading hours on Friday, hitting $146.61. The company had a trading volume of 12,910,000 shares, compared to its average volume of 5,945,353. 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 $149.33 and its 200-day moving average is $157.07. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The stock has a market capitalization of $201.05 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly 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. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the previous year, the business earned $1.78 earnings per share. The business's revenue was down .2% compared to the same quarter last year. On average, analysts expect 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 $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.70%. The ex-dividend date was Friday, March 7th. PepsiCo's payout ratio is presently 77.99%.

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.