Brown Advisory Inc. Has $55.47 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Brown Advisory Inc. lowered its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 364,806 shares of the company's stock after selling 29,110 shares during the quarter. Brown Advisory Inc.'s holdings in PepsiCo were worth $55,472,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PEP. Collier Financial acquired a new position in shares of PepsiCo during the 4th quarter worth $28,000. WealthTrak Capital Management LLC bought a new stake in PepsiCo in the fourth quarter worth $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo during the fourth quarter worth $30,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo in the fourth quarter worth about $30,000. Finally, Summit Securities Group LLC bought a new stake in shares of PepsiCo during the 4th quarter worth about $33,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on PEP. Evercore ISI set a $140.00 target price on PepsiCo in a report on Thursday, April 24th. Morgan Stanley lowered their target price on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. boosted their target price on shares of PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research report on Monday, April 21st. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $163.00 price target on shares of PepsiCo in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company decreased 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 investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $160.69.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $133.75 on Monday. The firm has a market cap of $183.38 billion, a P/E ratio of 19.24, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. The firm's 50-day simple moving average is $145.94 and its 200-day simple moving average is $152.23. PepsiCo, Inc. has a twelve month low of $131.52 and a twelve month high of $183.41. 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 released its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.61 earnings per share. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 4.05%. PepsiCo's dividend payout ratio is presently 79.71%.

PepsiCo Company 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.

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