World Asset Management Inc decreased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,215 shares of the company’s stock after selling 10,982 shares during the quarter. PepsiCo makes up 0.5% of World Asset Management Inc’s holdings, making the stock its 28th biggest position. World Asset Management Inc’s holdings in PepsiCo were worth $15,855,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First National Bank of Mount Dora Trust Investment Services acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $201,000. Bouchey Financial Group Ltd acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $214,000. Oakmont Partners LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $220,000. KCS Wealth Advisory acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $239,000. Finally, White Lighthouse Investment Management Inc. acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $240,000. Institutional investors and hedge funds own 70.93% of the company’s stock.

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PepsiCo, Inc. (NASDAQ PEP) opened at $113.60 on Wednesday. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.37 and a current ratio of 1.51. PepsiCo, Inc. has a 52 week low of $106.19 and a 52 week high of $122.51. The company has a market cap of $161,300.00, a PE ratio of 22.32, a price-to-earnings-growth ratio of 2.68 and a beta of 0.69.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, February 13th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.01. PepsiCo had a net margin of 7.65% and a return on equity of 61.14%. The company had revenue of $19.53 billion for the quarter, compared to the consensus estimate of $19.40 billion. During the same period in the previous year, the firm earned $1.20 earnings per share. PepsiCo’s quarterly revenue was up .1% compared to the same quarter last year. equities analysts predict that PepsiCo, Inc. will post 5.7 EPS for the current fiscal year.

PepsiCo declared that its Board of Directors has approved a share repurchase program on Tuesday, February 13th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 2nd will be paid a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Thursday, March 1st. PepsiCo’s dividend payout ratio (DPR) is presently 63.26%.

Several analysts have recently issued reports on the stock. TheStreet lowered shares of PepsiCo from a “b-” rating to a “c+” rating in a research report on Thursday, March 1st. SunTrust Banks decreased their price target on shares of PepsiCo from $125.00 to $115.00 and set a “hold” rating on the stock in a research note on Wednesday, February 14th. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $127.00 to $124.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 14th. Jefferies Group reissued a “hold” rating and issued a $113.00 price target on shares of PepsiCo in a research note on Tuesday, February 13th. Finally, Susquehanna Bancshares raised their price target on shares of PepsiCo from $137.00 to $140.00 and gave the stock a “positive” rating in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. PepsiCo has a consensus rating of “Hold” and a consensus price target of $123.04.

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PepsiCo Company Profile

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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