Prosperity Consulting Group LLC lowered its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 12.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,566 shares of the company's stock after selling 1,901 shares during the quarter. Prosperity Consulting Group LLC's holdings in PepsiCo were worth $2,063,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in PepsiCo by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after purchasing an additional 1,376,133 shares during the last quarter. Geode Capital Management LLC raised its position in PepsiCo by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock valued at $4,717,069,000 after purchasing an additional 582,254 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in 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 during the last quarter. Norges Bank purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $2,729,565,000. Finally, Bank of New York Mellon Corp increased its stake in shares of PepsiCo by 5.2% during the fourth quarter. Bank of New York Mellon Corp now owns 14,013,158 shares of the company's stock worth $2,130,841,000 after acquiring an additional 689,383 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.
PepsiCo Trading Down 1.1 %
Shares of NASDAQ PEP traded down $1.51 during trading on Thursday, hitting $134.07. 2,734,745 shares of the company traded hands, compared to its average volume of 7,631,085. PepsiCo, Inc. has a 1 year low of $131.52 and a 1 year high of $183.41. The company has a 50-day moving average price of $146.80 and a 200-day moving average price of $153.12. The firm has a market capitalization of $183.85 billion, a P/E ratio of 19.29, a P/E/G ratio of 3.09 and a beta of 0.49. 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 (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (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 company had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. During the same period in the prior year, the firm earned $1.61 earnings per share. The firm's quarterly revenue was down 1.8% on a year-over-year basis. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.
PepsiCo Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 4.04%. PepsiCo's dividend payout ratio is presently 79.71%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on PEP shares. BNP Paribas lowered their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Wells Fargo & Company lowered their price objective on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Morgan Stanley lowered their price objective on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Bank of America lowered their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Finally, CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. 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 currently has a consensus rating of "Hold" and a consensus target price of $160.69.
Read Our Latest Stock Report on PEP
About PepsiCo
(
Free Report)
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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