PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,753 shares of the company’s stock after selling 1,415 shares during the period. Anchor Capital Advisors LLC’s holdings in PepsiCo were worth $16,093,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PEP. International Assets Investment Management LLC raised its holdings in PepsiCo by 9,623.6% during the fourth quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock worth $519,381,000 after purchasing an additional 3,026,611 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of PepsiCo during the 3rd quarter worth $329,179,000. Flossbach Von Storch AG grew its stake in shares of PepsiCo by 121.4% during the 4th quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock worth $463,259,000 after purchasing an additional 1,495,586 shares during the period. California Public Employees Retirement System increased its holdings in shares of PepsiCo by 17.9% in the 4th quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock valued at $1,641,389,000 after purchasing an additional 1,470,064 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in PepsiCo by 68.0% during the fourth quarter. Mackenzie Financial Corp now owns 2,922,643 shares of the company’s stock worth $496,382,000 after buying an additional 1,183,371 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PEP shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a research report on Monday, February 12th. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research report on Monday, March 18th. Jefferies Financial Group increased their price objective on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $187.42.

PepsiCo Trading Up 0.3 %

NASDAQ PEP traded up $0.56 during trading hours on Monday, hitting $176.14. 3,199,009 shares of the company’s stock were exchanged, compared to its average volume of 5,822,914. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The firm has a market capitalization of $242.15 billion, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53. The business’s 50 day moving average is $169.40 and its 200-day moving average is $167.92. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The firm had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. PepsiCo’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.50 earnings per share. As a group, analysts anticipate that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a $1.265 dividend. The ex-dividend date was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 2.87%. PepsiCo’s payout ratio is 76.09%.

PepsiCo 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.