American Research & Management Co. trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,986 shares of the company’s stock after selling 825 shares during the period. PepsiCo makes up approximately 2.0% of American Research & Management Co.’s holdings, making the stock its 19th largest holding. American Research & Management Co.’s holdings in PepsiCo were worth $8,485,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of PEP. Norges Bank bought a new position in PepsiCo during the fourth quarter valued at about $2,066,514,000. Magellan Asset Management Ltd grew its stake in shares of PepsiCo by 32.1% in the 4th quarter. Magellan Asset Management Ltd now owns 13,983,914 shares of the company’s stock valued at $2,073,814,000 after purchasing an additional 3,396,536 shares during the period. Flossbach Von Storch AG grew its stake in shares of PepsiCo by 109.0% in the 4th quarter. Flossbach Von Storch AG now owns 3,891,842 shares of the company’s stock valued at $577,160,000 after purchasing an additional 2,029,512 shares during the period. Nuveen Asset Management LLC grew its stake in shares of PepsiCo by 13.3% in the 4th quarter. Nuveen Asset Management LLC now owns 11,188,907 shares of the company’s stock valued at $1,659,315,000 after purchasing an additional 1,312,672 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of PepsiCo by 9.5% in the 4th quarter. Morgan Stanley now owns 12,927,926 shares of the company’s stock worth $1,917,210,000 after acquiring an additional 1,122,678 shares in the last quarter. Hedge funds and other institutional investors own 69.94% of the company’s stock.
Shares of PepsiCo stock traded down $0.27 during trading hours on Thursday, reaching $143.14. 146,988 shares of the company’s stock were exchanged, compared to its average volume of 5,734,998. The company has a 50 day moving average of $135.33 and a two-hundred day moving average of $139.57. PepsiCo, Inc. has a fifty-two week low of $126.53 and a fifty-two week high of $148.77. The company has a current ratio of 0.93, a quick ratio of 0.77 and a debt-to-equity ratio of 2.79. The stock has a market cap of $197.54 billion, a P/E ratio of 28.50, a P/E/G ratio of 3.63 and a beta of 0.57.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Friday, March 5th were given a dividend of $1.0225 per share. The ex-dividend date of this dividend was Thursday, March 4th. This represents a $4.09 annualized dividend and a yield of 2.86%. PepsiCo’s dividend payout ratio (DPR) is presently 73.96%.
Several research analysts have recently commented on the company. Sanford C. Bernstein assumed coverage on PepsiCo in a report on Tuesday, January 19th. They issued an “underperform” rating and a $136.00 target price on the stock. Zacks Investment Research raised PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price objective on the stock in a report on Friday, February 12th. Guggenheim reaffirmed a “buy” rating on shares of PepsiCo in a report on Thursday, April 1st. Deutsche Bank Aktiengesellschaft upped their price objective on PepsiCo from $143.00 to $148.00 and gave the stock a “hold” rating in a report on Wednesday, February 3rd. Finally, Royal Bank of Canada downgraded PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 price target on the stock. in a research note on Monday, January 4th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $147.40.
PepsiCo, Inc operates as a food and beverage company 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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