PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Bison Wealth LLC

Bison Wealth LLC decreased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 5.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,619 shares of the company’s stock after selling 348 shares during the period. Bison Wealth LLC’s holdings in PepsiCo were worth $954,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PEP. Moneta Group Investment Advisors LLC grew its position in PepsiCo by 95,514.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock worth $7,746,023,000 after purchasing an additional 42,831,405 shares during the last quarter. Morgan Stanley grew its position in PepsiCo by 21.0% during the 4th quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock worth $4,827,240,000 after purchasing an additional 4,629,947 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in PepsiCo by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock worth $3,121,736,000 after purchasing an additional 920,032 shares during the last quarter. Northern Trust Corp grew its position in PepsiCo by 3.7% during the 3rd quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock worth $2,859,812,000 after purchasing an additional 595,357 shares during the last quarter. Finally, Norges Bank purchased a new position in PepsiCo during the 4th quarter worth $2,519,707,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.7 %

Shares of NASDAQ PEP opened at $166.95 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88. The firm has a 50-day moving average price of $168.70 and a 200 day moving average price of $167.38. The stock has a market capitalization of $229.47 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 2.64 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. The company had revenue of $27.84 billion during the quarter, compared to analysts’ expectations of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.67 earnings per share. Equities research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Thursday, February 29th. PepsiCo’s payout ratio is currently 77.02%.

Analyst Ratings Changes

PEP has been the topic of several research reports. Wedbush reissued an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research report on Friday, February 9th. Jefferies Financial Group raised their price objective on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Barclays lifted their target price on shares of PepsiCo from $183.00 to $184.00 and gave the company an “overweight” rating in a report on Friday. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Monday, March 18th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $186.92.

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.