TIAA Trust National Association Sells 7,760 Shares of PepsiCo, Inc. (NASDAQ:PEP)

TIAA Trust National Association cut its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 168,180 shares of the company's stock after selling 7,760 shares during the quarter. TIAA Trust National Association's holdings in PepsiCo were worth $25,573,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Collier Financial bought a new position in shares of PepsiCo in the fourth quarter worth about $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo in the 4th quarter valued at approximately $30,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the 3rd quarter worth approximately $31,000. Bay Harbor Wealth Management LLC acquired a new position in shares of PepsiCo during the fourth quarter worth approximately $34,000. Finally, Human Investing LLC acquired a new stake in shares of PepsiCo in the fourth quarter worth $39,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded down $0.40 during trading on Friday, reaching $149.27. The stock had a trading volume of 8,549,260 shares, compared to its average volume of 5,875,691. The stock has a market capitalization of $204.72 billion, a PE ratio of 21.48, a P/E/G ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The business's 50-day moving average price is $149.25 and its 200 day moving average price is $158.03. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

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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 company 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 business's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.78 earnings per share. As a group, equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.63%. PepsiCo's payout ratio is 77.99%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. UBS Group decreased their target price on PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. BNP Paribas cut their price target on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Evercore ISI decreased their price objective on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Finally, Wells Fargo & Company cut their target price on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and a consensus price target 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.