PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Fiduciary Trust Co

Fiduciary Trust Co lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 267,679 shares of the company’s stock after selling 22,526 shares during the quarter. Fiduciary Trust Co’s holdings in PepsiCo were worth $40,703,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in PEP. Vanguard Group Inc. lifted its holdings in shares of PepsiCo by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company’s stock valued at $20,280,471,000 after buying an additional 1,376,133 shares during the period. Geode Capital Management LLC lifted its holdings in PepsiCo by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company’s stock valued at $4,717,069,000 after acquiring an additional 582,254 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of PepsiCo by 18.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock valued at $3,834,504,000 after purchasing an additional 3,856,193 shares in the last quarter. Norges Bank acquired a new position in shares of PepsiCo in the 4th quarter valued at $2,729,565,000. Finally, Northern Trust Corp boosted its holdings in PepsiCo by 8.7% during the fourth quarter. Northern Trust Corp now owns 16,403,395 shares of the company’s stock worth $2,494,300,000 after buying an additional 1,306,818 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group lowered shares of PepsiCo from a “buy” rating to a “hold” rating and lowered their target price for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Bank of America cut their price objective on PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Citigroup dropped their price target on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $163.00 price objective on shares of PepsiCo in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $160.69.

PepsiCo Stock Down 0.4 %

Shares of NASDAQ:PEP opened at $131.43 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 52-week low of $130.16 and a 52-week high of $183.41. The company has a 50 day moving average of $144.20 and a two-hundred day moving average of $151.34. The company has a market capitalization of $180.20 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.

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

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Friday, June 6th. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s payout ratio is 83.68%.

About PepsiCo

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.