Massachusetts Financial Services Co. MA Has $1.63 Billion Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Massachusetts Financial Services Co. MA boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,878,718 shares of the company's stock after purchasing an additional 923,766 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.79% of PepsiCo worth $1,631,155,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. Vanguard Group Inc. boosted its position in shares of PepsiCo by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock worth $20,280,471,000 after buying an additional 1,376,133 shares during the period. Geode Capital Management LLC boosted its holdings in PepsiCo by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock valued at $4,717,069,000 after purchasing an additional 582,254 shares during the last quarter. Norges Bank purchased a new position in PepsiCo in the fourth quarter valued at about $2,729,565,000. Northern Trust Corp boosted its holdings in PepsiCo by 8.7% in the fourth quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock valued at $2,494,300,000 after purchasing an additional 1,306,818 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in PepsiCo by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock valued at $2,108,585,000 after purchasing an additional 49,699 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Down 1.1%

Shares of PepsiCo stock traded down $1.52 on Tuesday, reaching $134.05. 3,294,456 shares of the company were exchanged, compared to its average volume of 7,070,117. The stock has a fifty day moving average price of $131.56 and a 200-day moving average price of $141.38. The firm has a market capitalization of $183.79 billion, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 4.23 and a beta of 0.45. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $180.91.

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

PepsiCo Increases Dividend

The company also recently announced 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 4.24%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is 83.68%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PEP. Royal Bank Of Canada restated a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a research note on Tuesday, June 24th. JPMorgan Chase & Co. lowered their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. Bank of America reduced their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday. Citigroup reduced their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Morgan Stanley reduced their price target on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $158.19.

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.