SVB Wealth LLC Has $16.08 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

SVB Wealth LLC trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,493 shares of the company’s stock after selling 1,576 shares during the period. SVB Wealth LLC’s holdings in PepsiCo were worth $16,079,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in PepsiCo during the 4th quarter worth about $2,686,139,000. Franklin Resources Inc. lifted its position in shares of PepsiCo by 17.7% during the fourth quarter. Franklin Resources Inc. now owns 8,954,951 shares of the company’s stock worth $1,520,909,000 after purchasing an additional 1,345,065 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of PepsiCo by 15.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,421,163 shares of the company’s stock valued at $1,430,250,000 after purchasing an additional 1,105,127 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of PepsiCo by 6.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,644,059 shares of the company’s stock valued at $1,128,413,000 after purchasing an additional 375,963 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in PepsiCo by 15.7% during the 4th quarter. Stifel Financial Corp now owns 5,121,600 shares of the company’s stock worth $869,869,000 after buying an additional 693,873 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the subject of several research reports. Morgan Stanley lowered their target price on PepsiCo from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $184.00 to $182.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Jefferies Financial Group reduced their target price on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. BNP Paribas initiated coverage on shares of PepsiCo in a research note on Monday, June 24th. They set a “neutral” rating and a $174.00 price target for the company. Finally, Bank of America reduced their price objective on shares of PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $185.53.

PepsiCo Trading Down 0.3 %

Shares of PepsiCo stock traded down $0.60 during trading hours on Friday, hitting $177.34. The company’s stock had a trading volume of 6,395,276 shares, compared to its average volume of 5,471,998. The company has a market capitalization of $243.59 billion, a PE ratio of 25.74, a price-to-earnings-growth ratio of 2.98 and a beta of 0.53. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64. The stock has a 50 day moving average of $170.96 and a 200 day moving average of $171.13. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.16 by $0.12. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The firm had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $22.59 billion. During the same period last year, the company posted $2.09 EPS. The business’s quarterly revenue was up .8% on a year-over-year basis. Analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Friday, September 6th. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

PepsiCo Company 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.