Rosenbaum Jay D. Sells 4,351 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Rosenbaum Jay D. lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 65.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,337 shares of the company's stock after selling 4,351 shares during the period. Rosenbaum Jay D.'s holdings in PepsiCo were worth $397,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank acquired a new position in PepsiCo during the fourth quarter worth approximately $2,686,139,000. International Assets Investment Management LLC increased its position in PepsiCo by 9,623.6% during the fourth quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company's stock worth $519,381,000 after buying an additional 3,026,611 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in PepsiCo during the third quarter worth approximately $329,179,000. Flossbach Von Storch AG grew its position in shares of PepsiCo by 121.4% in the fourth quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company's stock valued at $463,259,000 after purchasing an additional 1,495,586 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in shares of PepsiCo by 17.9% in the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company's stock valued at $1,641,389,000 after purchasing an additional 1,470,064 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

PEP has been the topic of several research reports. Morgan Stanley raised PepsiCo from an "equal weight" rating to an "overweight" rating and set a $190.00 target price on the stock in a research report on Monday, March 18th. Jefferies Financial Group upped their price target on shares of PepsiCo from $209.00 to $211.00 and gave the company a "buy" rating in a research report on Thursday, May 16th. Wedbush restated an "outperform" rating and issued a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the stock a "hold" rating in a research report on Friday, February 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of PepsiCo from $178.00 to $181.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 24th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $187.58.

Insider Transactions at PepsiCo

In other news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.00, for a total value of $1,000,360.00. Following the completion of the transaction, the chief executive officer now owns 53,953 shares in the company, valued at $9,603,634. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.14% of the company's stock.

PepsiCo Stock Up 0.6 %

Shares of PEP traded up $1.01 during trading hours on Wednesday, reaching $182.09. 4,044,873 shares of the stock traded hands, compared to its average volume of 5,501,114. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The stock has a fifty day simple moving average of $173.68 and a 200 day simple moving average of $169.91. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $192.38. The company has a market cap of $250.34 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 2.94 and a beta of 0.52.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. During the same period last year, the firm earned $1.50 earnings per share. The firm's revenue was up 2.3% on a year-over-year basis. On average, equities analysts forecast that PepsiCo, Inc. will post 8.17 EPS for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Friday, June 7th. This is an increase from PepsiCo's previous quarterly dividend of $1.27. PepsiCo's dividend payout ratio (DPR) is 76.09%.

About PepsiCo

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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