PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Comerica Bank

Comerica Bank reduced its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 537,378 shares of the company's stock after selling 15,247 shares during the quarter. Comerica Bank's holdings in PepsiCo were worth $81,714,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in PepsiCo by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after acquiring an additional 1,376,133 shares during the period. Geode Capital Management LLC grew its stake in PepsiCo by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock valued at $4,717,069,000 after acquiring an additional 582,254 shares during the period. Charles Schwab Investment Management Inc. grew its stake in 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 acquiring an additional 3,856,193 shares during the period. Norges Bank acquired a new stake in PepsiCo in the 4th quarter valued at $2,729,565,000. Finally, Northern Trust Corp grew its stake in PepsiCo by 8.7% in the 4th quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock valued at $2,494,300,000 after acquiring an additional 1,306,818 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PEP has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a "sector perform" rating and issued a $163.00 price target on shares of PepsiCo in a research note on Tuesday, April 22nd. HSBC decreased their price objective on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. Morgan Stanley decreased their price objective on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Bank of America decreased their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Finally, Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and decreased their price objective for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $160.69.

PepsiCo Trading Down 1.5 %

Shares of PEP stock traded down $2.03 during trading hours on Thursday, hitting $133.55. The company had a trading volume of 6,795,794 shares, compared to its average volume of 6,200,874. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a market capitalization of $183.14 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. The company's fifty day moving average is $146.40 and its 200 day moving average is $152.82. PepsiCo, Inc. has a fifty-two week low of $131.52 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The company had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 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 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.61 EPS. Research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued 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 yield of 4.06%. PepsiCo's dividend payout ratio (DPR) 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.