Boston Trust Walden Corp Lowers Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Boston Trust Walden Corp lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 762,081 shares of the company's stock after selling 13,554 shares during the quarter. PepsiCo accounts for 0.8% of Boston Trust Walden Corp's portfolio, making the stock its 25th largest position. Boston Trust Walden Corp owned approximately 0.06% of PepsiCo worth $114,266,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PEP. Ossiam boosted its holdings in PepsiCo by 138.9% in the fourth quarter. Ossiam now owns 73,604 shares of the company's stock valued at $11,192,000 after purchasing an additional 42,793 shares during the last quarter. OMERS ADMINISTRATION Corp increased its holdings in shares of PepsiCo by 12.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock valued at $18,977,000 after purchasing an additional 13,461 shares in the last quarter. Hutner Capital Management Inc. lifted its stake in shares of PepsiCo by 14.6% in the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock valued at $8,178,000 after purchasing an additional 6,865 shares during the period. Polar Asset Management Partners Inc. purchased a new position in PepsiCo in the fourth quarter valued at $47,899,000. Finally, Inspire Trust Co. N.A. raised its position in shares of PepsiCo by 39.2% in the fourth quarter. Inspire Trust Co. N.A. now owns 17,125 shares of the company's stock worth $2,604,000 after acquiring an additional 4,825 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.2%

NASDAQ PEP traded down $0.22 on Thursday, reaching $129.07. 8,782,676 shares of the company were exchanged, compared to its average volume of 6,735,400. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. The business's fifty day moving average price is $133.80 and its 200 day moving average price is $144.52. The stock has a market capitalization of $176.97 billion, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 3.71 and a beta of 0.45. PepsiCo, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The firm had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same period in the prior year, the company posted $1.61 EPS. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. Analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, June 6th. This is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.41%. PepsiCo's dividend payout ratio is currently 83.68%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PEP. JPMorgan Chase & Co. lifted their price target on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research note on Monday, April 21st. Morgan Stanley reduced their target price on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. UBS Group dropped their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Citigroup reduced their price objective on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo has an average rating of "Hold" and a consensus price target of $160.69.

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.