Bessemer Group Inc. Sells 16,988 Shares of PepsiCo, Inc. $PEP

Bessemer Group Inc. reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 390,336 shares of the company’s stock after selling 16,988 shares during the period. Bessemer Group Inc.’s holdings in PepsiCo were worth $56,022,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PEP. Brighton Jones LLC lifted its holdings in shares of PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after purchasing an additional 6,574 shares in the last quarter. Caxton Associates LLP bought a new position in PepsiCo during the 1st quarter valued at $251,000. Sivia Capital Partners LLC lifted its stake in PepsiCo by 138.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock valued at $862,000 after acquiring an additional 3,790 shares in the last quarter. Schnieders Capital Management LLC. lifted its stake in PepsiCo by 10.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company’s stock valued at $5,039,000 after acquiring an additional 3,502 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in PepsiCo by 45.5% during the 2nd quarter. Sei Investments Co. now owns 536,133 shares of the company’s stock valued at $70,789,000 after acquiring an additional 167,707 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. The Goldman Sachs Group raised their price objective on PepsiCo from $180.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Rothschild & Co Redburn raised their price objective on PepsiCo from $130.00 to $132.00 in a research note on Monday, May 11th. UBS Group dropped their price objective on PepsiCo from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Finally, Evercore raised their price objective on PepsiCo from $165.00 to $170.00 in a research note on Friday, April 17th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus price target of $170.37.

PepsiCo Stock Performance

Shares of PEP stock opened at $149.12 on Friday. The firm has a market cap of $203.81 billion, a price-to-earnings ratio of 23.41, a P/E/G ratio of 2.72 and a beta of 0.38. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $171.48. The firm’s 50-day simple moving average is $155.25 and its two-hundred day simple moving average is $152.42.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.55 by $0.06. The business had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.48 earnings per share. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.63 earnings per share for the current year.

PepsiCo announced that its Board of Directors has authorized a stock repurchase program on Tuesday, February 3rd that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the company to reacquire up to 4.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given a $1.48 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, June 5th. PepsiCo’s payout ratio is presently 89.32%.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.