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Brown Advisory Inc. Has $52.79 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

PepsiCo logo with Consumer Staples background

Brown Advisory Inc. lowered its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 352,055 shares of the company's stock after selling 12,751 shares during the period. Brown Advisory Inc.'s holdings in PepsiCo were worth $52,787,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PEP. Brighton Jones LLC lifted its position in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in shares of PepsiCo by 2.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock worth $71,527,000 after buying an additional 11,538 shares during the last quarter. Proficio Capital Partners LLC boosted its position in shares of PepsiCo by 22.7% in the fourth quarter. Proficio Capital Partners LLC now owns 4,449 shares of the company's stock valued at $677,000 after acquiring an additional 824 shares during the period. AlphaQuest LLC boosted its position in shares of PepsiCo by 126.6% in the fourth quarter. AlphaQuest LLC now owns 2,579 shares of the company's stock valued at $392,000 after acquiring an additional 1,441 shares during the period. Finally, Davis R M Inc. increased its position in PepsiCo by 12.8% during the fourth quarter. Davis R M Inc. now owns 295,761 shares of the company's stock worth $44,973,000 after acquiring an additional 33,652 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

NASDAQ:PEP traded down $0.82 during trading hours on Friday, reaching $135.26. The company had a trading volume of 7,958,022 shares, compared to its average volume of 7,089,903. The stock has a 50-day moving average of $131.46 and a two-hundred day moving average of $141.78. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $180.91. The firm has a market capitalization of $185.45 billion, a PE ratio of 19.89, a PEG ratio of 4.21 and a beta of 0.45. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results 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). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The company had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter last year, the company earned $1.61 earnings per share. The business's revenue was down 1.8% on a year-over-year basis. 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 was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were paid a $1.4225 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.21%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is currently 83.68%.

Wall Street Analyst Weigh In

PEP has been the subject of a number of research reports. UBS Group reduced their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. Morgan Stanley cut their price objective on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $148.00 price target on shares of PepsiCo in a report on Tuesday, June 24th. Finally, Citigroup cut their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $158.19.

Read Our Latest Analysis on PepsiCo

PepsiCo Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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