Fundsmith LLP Cuts Stake in PepsiCo, Inc. (NASDAQ:PEP)

Fundsmith LLP decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,663,677 shares of the company's stock after selling 76,311 shares during the quarter. PepsiCo accounts for about 3.7% of Fundsmith LLP's portfolio, making the stock its 11th largest holding. Fundsmith LLP owned approximately 0.41% of PepsiCo worth $861,219,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tcfg Wealth Management LLC increased its position in PepsiCo by 3.5% during the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock worth $295,000 after purchasing an additional 66 shares in the last quarter. Lincoln Capital LLC boosted its holdings in shares of PepsiCo by 0.4% during the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock valued at $2,556,000 after acquiring an additional 70 shares in the last quarter. Marshall Financial Group LLC grew its position in PepsiCo by 2.3% during the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock worth $476,000 after acquiring an additional 70 shares during the last quarter. Osprey Private Wealth LLC increased its holdings in PepsiCo by 0.5% in the 4th quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock worth $2,290,000 after purchasing an additional 70 shares in the last quarter. Finally, TAGStone Capital Inc. grew its holdings in shares of PepsiCo by 2.8% during the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock worth $388,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Analysts Set New Price Targets

PEP has been the subject of several recent research reports. Morgan Stanley decreased their price target on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Deutsche Bank Aktiengesellschaft cut their target price on PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. Bank of America lowered their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. CICC Research reissued a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. Finally, BNP Paribas dropped their price target on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $160.69.

PepsiCo Stock Down 0.8 %

Shares of PepsiCo stock traded down $0.99 during trading hours on Friday, reaching $130.44. The company's stock had a trading volume of 4,766,754 shares, compared to its average volume of 6,289,092. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The stock's fifty day simple moving average is $143.73 and its two-hundred day simple moving average is $150.88. The company has a market capitalization of $178.84 billion, a P/E ratio of 18.77, a P/E/G ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a one year low of $130.16 and a one year high of $183.41.

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 analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the firm posted $1.61 earnings per share. The business's revenue for the quarter was down 1.8% on a year-over-year basis. On average, research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The company 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 dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.36%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's payout ratio is currently 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.