Bessemer Group Inc. Has $62.98 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Bessemer Group Inc. trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 420,053 shares of the company's stock after selling 40,578 shares during the period. Bessemer Group Inc.'s holdings in PepsiCo were worth $62,983,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG raised its stake in shares of PepsiCo by 2.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after acquiring an additional 11,538 shares during the last quarter. Pinnacle West Asset Management Inc. boosted its holdings in shares of PepsiCo by 4.8% in the 4th quarter. Pinnacle West Asset Management Inc. now owns 5,830 shares of the company's stock worth $887,000 after acquiring an additional 265 shares in the last quarter. Kirtland Hills Capital Management LLC grew its position in PepsiCo by 35.1% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 5,910 shares of the company's stock worth $899,000 after acquiring an additional 1,535 shares during the last quarter. Finally, Lake Street Advisors Group LLC increased its holdings in PepsiCo by 35.7% during the 4th quarter. Lake Street Advisors Group LLC now owns 21,854 shares of the company's stock valued at $3,354,000 after purchasing an additional 5,750 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Up 2.2%

Shares of PepsiCo stock traded up $2.82 during trading on Friday, hitting $131.04. 26,530,795 shares of the company were exchanged, compared to its average volume of 6,977,393. The firm has a market capitalization of $179.67 billion, a P/E ratio of 19.27, a price-to-earnings-growth ratio of 3.68 and a beta of 0.45. The firm's fifty day moving average price is $132.07 and its 200 day moving average price is $143.22. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results 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). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The firm had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the business posted $1.61 earnings per share. The company's revenue for the quarter was down 1.8% on a year-over-year basis. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.34%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

Wall Street Analyst Weigh In

Several analysts have recently commented on PEP shares. Bank of America decreased their target price on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Citigroup decreased their price objective on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, April 25th. UBS Group dropped their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Morgan Stanley decreased their price target 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. Finally, Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, PepsiCo has a consensus rating of "Hold" and a consensus target price of $159.75.

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.