Trust Investment Advisors Sells 3,877 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Trust Investment Advisors reduced its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 47.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,358 shares of the company's stock after selling 3,877 shares during the period. Trust Investment Advisors' holdings in PepsiCo were worth $663,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PEP. Raymond James Financial Inc. acquired a new stake in PepsiCo during the 4th quarter valued at $589,307,000. Charles Schwab Investment Management Inc. increased its holdings in shares of PepsiCo by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after purchasing an additional 3,856,193 shares during the period. State Street Corp grew its position in PepsiCo by 5.1% during the third quarter. State Street Corp now owns 57,268,030 shares of the company's stock valued at $9,738,429,000 after purchasing an additional 2,775,679 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of PepsiCo by 21.1% in the third 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 during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of PepsiCo by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock worth $20,280,471,000 after acquiring an additional 1,376,133 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Remove Ads

PepsiCo Stock Performance

Shares of PEP traded down $0.40 during trading hours on Friday, reaching $149.27. 8,549,260 shares of the company traded hands, compared to its average volume of 5,875,691. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The stock has a market cap of $204.72 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The stock's fifty day moving average is $149.25 and its 200 day moving average is $158.03. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share 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 analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.78 EPS. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

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

Wall Street Analyst Weigh In

PEP has been the topic of several research reports. Barclays lowered PepsiCo from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $168.00 to $156.00 in a research report on Tuesday, March 18th. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. JPMorgan Chase & Co. decreased their target price 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. Evercore ISI reduced their price objective on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company lowered their target price on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, PepsiCo presently has a consensus rating of "Hold" and an average 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.