Vise Technologies Inc. Trims Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Vise Technologies Inc. lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,568 shares of the company's stock after selling 1,975 shares during the period. Vise Technologies Inc.'s holdings in PepsiCo were worth $2,975,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in PepsiCo in the 4th quarter worth approximately $2,729,565,000. Raymond James Financial Inc. purchased a new position in PepsiCo in the 4th quarter worth approximately $589,307,000. Charles Schwab Investment Management Inc. grew its stake in PepsiCo by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock worth $3,834,504,000 after buying an additional 3,856,193 shares in the last quarter. Vanguard Group Inc. grew its stake in PepsiCo by 1.0% in the 4th 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 in the last quarter. Finally, Van ECK Associates Corp grew its stake in PepsiCo by 360.0% in the 4th quarter. Van ECK Associates Corp now owns 1,697,742 shares of the company's stock worth $258,158,000 after buying an additional 1,328,672 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Down 0.0%

Shares of NASDAQ PEP opened at $130.12 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 12 month low of $127.87 and a 12 month high of $181.89. The firm has a market capitalization of $178.40 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. The firm has a fifty day simple moving average of $139.93 and a two-hundred day simple moving average of $148.69.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. 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 posted $1.61 earnings per share. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. Equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $1.4225 dividend. The ex-dividend date is Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.37%. PepsiCo's dividend payout ratio is 83.68%.

Wall Street Analyst Weigh In

PEP has been the subject of a number of research reports. BNP Paribas cut their price objective on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research note on Thursday, April 24th. Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and cut their price objective for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. HSBC cut their price objective on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $163.00 price objective on shares of PepsiCo in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price 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.

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