S&CO Inc. Sells 5,537 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• S&CO Inc. reduced its stake in PepsiCo, Inc. by 5.4% during the 1st quarter, holding 97,909 shares valued at approximately $14.68 million.
• PepsiCo recently reported $2.12 EPS for the last quarter, exceeding analysts' estimates, and showed a 1.0% increase in revenue year-over-year.
• The company announced a quarterly dividend of $1.4225 per share, representing an annualized yield of 4.02% with a payout ratio of 103.64%.

S&CO Inc. reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,909 shares of the company's stock after selling 5,537 shares during the period. PepsiCo comprises 1.0% of S&CO Inc.'s investment portfolio, making the stock its 28th largest holding. S&CO Inc.'s holdings in PepsiCo were worth $14,680,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PEP. GAMMA Investing LLC boosted its holdings in shares of PepsiCo by 19,106.5% during the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock worth $688,017,000 after buying an additional 4,564,723 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of PepsiCo by 106.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock worth $527,034,000 after buying an additional 1,809,391 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of PepsiCo during the 4th quarter worth approximately $221,297,000. Northern Trust Corp boosted its holdings in shares of PepsiCo by 8.7% during the 4th quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock worth $2,494,300,000 after buying an additional 1,306,818 shares in the last quarter. Finally, APG Asset Management N.V. boosted its holdings in shares of PepsiCo by 292.9% during the 4th quarter. APG Asset Management N.V. now owns 1,559,081 shares of the company's stock worth $228,946,000 after buying an additional 1,162,315 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. UBS Group cut their price target on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Citigroup increased their price target on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Cowen reiterated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Evercore ISI set a $140.00 target price on PepsiCo in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, PepsiCo has an average rating of "Hold" and an average target price of $158.73.

PepsiCo Stock Up 1.0%

NASDAQ PEP traded up $1.36 on Friday, reaching $139.28. The company had a trading volume of 7,577,088 shares, compared to its average volume of 8,575,255. The stock has a market capitalization of $190.69 billion, a P/E ratio of 25.37, a P/E/G ratio of 3.81 and a beta of 0.45. The company's fifty day moving average is $134.43 and its 200 day moving average is $140.93. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $180.91. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The firm had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same period last year, the firm posted $2.28 EPS. The business's revenue was up 1.0% compared to the same quarter last year. Sell-side analysts anticipate 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 will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.1%. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

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.