Laird Norton Wetherby Wealth Management LLC Has $5.29 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Laird Norton Wetherby Wealth Management LLC decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,806 shares of the company’s stock after selling 3,946 shares during the period. Laird Norton Wetherby Wealth Management LLC’s holdings in PepsiCo were worth $5,293,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PEP. Harbor Capital Advisors Inc. grew its stake in shares of PepsiCo by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 19,597 shares of the company’s stock valued at $2,980,000 after purchasing an additional 478 shares during the period. Czech National Bank grew its stake in shares of PepsiCo by 6.3% in the 4th quarter. Czech National Bank now owns 297,475 shares of the company’s stock valued at $45,234,000 after purchasing an additional 17,664 shares during the period. Aprio Wealth Management LLC grew its stake in shares of PepsiCo by 5.9% in the 4th quarter. Aprio Wealth Management LLC now owns 4,214 shares of the company’s stock valued at $641,000 after purchasing an additional 233 shares during the period. Matrix Trust Co grew its stake in shares of PepsiCo by 15.8% in the 4th quarter. Matrix Trust Co now owns 7,261 shares of the company’s stock valued at $1,104,000 after purchasing an additional 992 shares during the period. Finally, Clark & Stuart Inc bought a new stake in PepsiCo during the 4th quarter worth approximately $4,437,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of research analyst reports. Evercore ISI set a $140.00 price target on PepsiCo in a research report on Thursday, April 24th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. HSBC decreased their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. UBS Group decreased their price target on PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Wells Fargo & Company decreased their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $160.69.

PepsiCo Stock Performance

PEP stock opened at $130.44 on Monday. The business’s fifty day moving average is $143.73 and its 200-day moving average is $150.74. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market cap of $178.84 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a twelve month low of $129.93 and a twelve month high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). The company had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the company earned $1.61 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a $1.4225 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.36%. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio is 83.68%.

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.