PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Portside Wealth Group LLC

Portside Wealth Group LLC decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 24.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,353 shares of the company’s stock after selling 2,689 shares during the period. Portside Wealth Group LLC’s holdings in PepsiCo were worth $1,419,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of PepsiCo by 0.9% during the second quarter. BlackRock Inc. now owns 110,578,365 shares of the company’s stock valued at $20,481,325,000 after purchasing an additional 987,829 shares during the last quarter. State Street Corp lifted its stake in PepsiCo by 0.8% during the second quarter. State Street Corp now owns 59,055,838 shares of the company’s stock valued at $10,938,322,000 after buying an additional 489,175 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in shares of PepsiCo by 95,514.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock worth $7,746,023,000 after buying an additional 42,831,405 shares during the period. Morgan Stanley increased its position in shares of PepsiCo by 21.0% in the fourth quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock worth $4,827,240,000 after acquiring an additional 4,629,947 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of PepsiCo by 5.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock valued at $3,121,736,000 after acquiring an additional 920,032 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PEP. Deutsche Bank Aktiengesellschaft boosted their target price on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. downgraded PepsiCo from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $185.00 to $176.00 in a research note on Tuesday, December 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a research note on Monday, February 12th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Finally, Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $180.00 to $195.00 in a research report on Monday, February 12th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo currently has an average rating of “Moderate Buy” and a consensus price target of $187.77.

Get Our Latest Research Report on PEP

PepsiCo Stock Down 0.2 %

PepsiCo stock opened at $172.02 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88. The firm’s fifty day simple moving average is $167.72 and its 200-day simple moving average is $168.01. The company has a market capitalization of $236.43 billion, a P/E ratio of 26.18, a P/E/G ratio of 2.69 and a beta of 0.53.

PepsiCo (NASDAQ:PEPGet Free Report) last released its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.06. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The company had revenue of $27.84 billion during the quarter, compared to the consensus estimate of $28.40 billion. During the same quarter in the prior year, the company posted $1.67 EPS. The firm’s revenue was down .6% on a year-over-year basis. Sell-side analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 1st will be given a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Thursday, February 29th. PepsiCo’s dividend payout ratio is 77.02%.

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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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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