Stack Financial Management Inc Sells 1,522 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Stack Financial Management Inc reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 118,730 shares of the company’s stock after selling 1,522 shares during the quarter. PepsiCo makes up approximately 2.3% of Stack Financial Management Inc’s holdings, making the stock its 19th biggest position. Stack Financial Management Inc’s holdings in PepsiCo were worth $20,165,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. International Assets Investment Management LLC grew its stake in shares of PepsiCo by 9,623.6% in the fourth quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock valued at $519,381,000 after buying an additional 3,026,611 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in PepsiCo during the 3rd quarter valued at $329,179,000. Flossbach Von Storch AG lifted its holdings in PepsiCo by 121.4% during the 4th quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock valued at $463,259,000 after purchasing an additional 1,495,586 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of PepsiCo by 17.9% during the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock worth $1,641,389,000 after buying an additional 1,470,064 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of PepsiCo by 68.0% during the fourth quarter. Mackenzie Financial Corp now owns 2,922,643 shares of the company’s stock worth $496,382,000 after buying an additional 1,183,371 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 0.2 %

PEP traded down $0.27 during trading on Friday, reaching $176.41. 1,780,049 shares of the stock traded hands, compared to its average volume of 5,819,759. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $242.53 billion, a PE ratio of 26.52, a P/E/G ratio of 2.80 and a beta of 0.53. The stock’s 50-day moving average is $169.22 and its 200 day moving average is $167.76. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. The business’s revenue was up 2.3% on a year-over-year basis. Equities analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a $1.265 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a yield of 2.87%. PepsiCo’s dividend payout ratio (DPR) is 76.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PEP shares. JPMorgan Chase & Co. lifted their target price on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Jefferies Financial Group upped their target price on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research note on Monday, March 18th. Finally, Wedbush restated an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research note on Tuesday. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $187.42.

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.