PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,725,488 shares of the company's stock after selling 451,092 shares during the period. Ameriprise Financial Inc. owned approximately 0.34% of PepsiCo worth $718,522,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PEP. Norges Bank acquired a new stake in PepsiCo in the 4th quarter valued at approximately $2,729,565,000. Raymond James Financial Inc. acquired a new stake in shares of PepsiCo in the fourth quarter valued at $589,307,000. Charles Schwab Investment Management Inc. raised its holdings in shares of PepsiCo by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after buying an additional 3,856,193 shares during the period. Franklin Resources Inc. lifted its stake in PepsiCo by 21.1% during the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock worth $2,293,049,000 after acquiring an additional 2,264,445 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in PepsiCo by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after acquiring an additional 1,376,133 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Trading Up 0.1 %

PEP opened at $133.75 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 52 week low of $131.52 and a 52 week high of $183.41. The business's 50 day moving average is $145.94 and its two-hundred day moving average is $152.38. The firm has a market cap of $183.38 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly 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). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter last year, the company earned $1.61 EPS. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. On average, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is presently 79.71%.

Analysts Set New Price Targets

PEP has been the topic of a number of research reports. CICC Research reiterated a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. Wells Fargo & Company decreased their target price on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Morgan Stanley cut their price target on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. UBS Group lowered their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Barclays decreased their price target on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, PepsiCo currently has a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.