Public Employees Retirement Association of Colorado Trims Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Public Employees Retirement Association of Colorado reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 180,951 shares of the company's stock after selling 9,429 shares during the period. Public Employees Retirement Association of Colorado's holdings in PepsiCo were worth $27,515,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whalerock Point Partners LLC increased its position in shares of PepsiCo by 1.2% during the 4th quarter. Whalerock Point Partners LLC now owns 48,739 shares of the company's stock valued at $7,411,000 after purchasing an additional 555 shares during the last quarter. Shorepoint Capital Partners LLC boosted its stake in shares of PepsiCo by 1.9% during the 4th quarter. Shorepoint Capital Partners LLC now owns 34,247 shares of the company's stock worth $5,208,000 after purchasing an additional 644 shares during the period. Mission Creek Capital Partners Inc. raised its position in PepsiCo by 92.8% in the 4th quarter. Mission Creek Capital Partners Inc. now owns 14,263 shares of the company's stock worth $2,169,000 after purchasing an additional 6,865 shares during the period. Gerber Kawasaki Wealth & Investment Management lifted its stake in PepsiCo by 12.6% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 2,972 shares of the company's stock worth $452,000 after purchasing an additional 333 shares during the last quarter. Finally, Bolthouse Investments LLC bought a new position in shares of PepsiCo during the fourth quarter valued at approximately $626,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

PepsiCo stock traded down $1.90 during trading hours on Thursday, reaching $133.68. 2,970,486 shares of the stock were exchanged, compared to its average volume of 6,178,725. The stock has a market cap of $183.31 billion, a P/E ratio of 19.24, a P/E/G ratio of 3.09 and a beta of 0.49. The firm's 50 day moving average is $146.80 and its 200 day moving average is $153.12. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a 52-week low of $131.52 and a 52-week high of $183.41.

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

PepsiCo Announces Dividend

The company also recently declared 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. This represents a $5.42 annualized dividend and a dividend 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%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PEP. Morgan Stanley reduced their price target on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. TD Cowen cut their target price on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. BNP Paribas dropped their price objective on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. UBS Group lowered their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and cut their price target for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $160.69.

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.