Boston Financial Mangement LLC decreased its holdings in shares of PepsiCo (NASDAQ:PEP) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 129,036 shares of the company’s stock after selling 1,300 shares during the quarter. Boston Financial Mangement LLC’s holdings in PepsiCo were worth $15,474,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Tompkins Financial Corp raised its position in PepsiCo by 1.2% during the fourth quarter. Tompkins Financial Corp now owns 34,634 shares of the company’s stock worth $4,153,000 after acquiring an additional 421 shares in the last quarter. Courier Capital LLC raised its position in PepsiCo by 0.6% during the fourth quarter. Courier Capital LLC now owns 72,638 shares of the company’s stock worth $8,711,000 after acquiring an additional 430 shares in the last quarter. Bremer Trust National Association raised its position in PepsiCo by 6.9% during the fourth quarter. Bremer Trust National Association now owns 6,763 shares of the company’s stock worth $811,000 after acquiring an additional 435 shares in the last quarter. Perkins Coie Trust Co raised its position in PepsiCo by 1.5% during the fourth quarter. Perkins Coie Trust Co now owns 29,180 shares of the company’s stock worth $3,499,000 after acquiring an additional 435 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC raised its position in PepsiCo by 2.7% during the fourth quarter. Murphy Pohlad Asset Management LLC now owns 17,363 shares of the company’s stock worth $2,082,000 after acquiring an additional 450 shares in the last quarter. Institutional investors and hedge funds own 70.91% of the company’s stock.

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PEP has been the topic of several research analyst reports. Stifel Nicolaus reissued a “hold” rating and issued a $120.00 price objective on shares of PepsiCo in a research report on Friday, December 22nd. Zacks Investment Research lowered shares of PepsiCo from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Wells Fargo increased their price objective on shares of PepsiCo from $110.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday, January 4th. Jefferies Group reissued a “hold” rating and issued a $113.00 price objective on shares of PepsiCo in a research report on Thursday, January 4th. Finally, Cowen reissued a “buy” rating and issued a $133.00 price objective on shares of PepsiCo in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $123.04.

NASDAQ:PEP opened at $109.92 on Tuesday. PepsiCo has a 52 week low of $105.94 and a 52 week high of $122.51. The stock has a market cap of $155,088.56, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 2.59 and a beta of 0.66. 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 (NASDAQ:PEP) last released its quarterly 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 business had revenue of $19.53 billion for the quarter, compared to analyst estimates of $19.40 billion. During the same period last year, the firm earned $1.20 earnings per share. PepsiCo’s revenue for the quarter was up .1% compared to the same quarter last year. equities research analysts anticipate that PepsiCo will post 5.7 earnings per share for the current year.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 2nd were given a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Thursday, March 1st. PepsiCo’s dividend payout ratio is 61.57%.

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PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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