PepsiCo, Inc. (NASDAQ:PEP) Position Trimmed by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC cut its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,806 shares of the company's stock after selling 3,946 shares during the quarter. Laird Norton Wetherby Wealth Management LLC's holdings in PepsiCo were worth $5,293,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PEP. Vanguard Group Inc. increased its stake 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 valued at $20,280,471,000 after buying an additional 1,376,133 shares during the period. Geode Capital Management LLC boosted its holdings in shares of PepsiCo by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock worth $4,717,069,000 after buying an additional 582,254 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of PepsiCo by 18.1% during 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. Norges Bank bought a new position in shares of PepsiCo during the 4th quarter worth approximately $2,729,565,000. Finally, 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. 73.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on PEP. Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and lowered their price target for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. Wells Fargo & Company lowered their price target on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. UBS Group lowered their price target on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. increased their price target on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research report on Monday, April 21st. Finally, Citigroup decreased their target price on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $160.69.

PepsiCo Trading Down 1.4%

NASDAQ:PEP traded down $1.86 during trading hours on Wednesday, reaching $128.45. 10,452,154 shares of the stock were exchanged, compared to its average volume of 6,342,287. PepsiCo, Inc. has a twelve month low of $127.90 and a twelve month high of $183.41. The business has a 50-day moving average of $142.80 and a two-hundred day moving average of $150.32. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $176.12 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). The business had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company earned $1.61 EPS. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date is Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is 83.68%.

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.