PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,198,334 shares of the company’s stock after selling 65,057 shares during the period. New York State Teachers Retirement System owned 0.09% of PepsiCo worth $182,219,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Campbell Wealth Management increased its position in PepsiCo by 20.0% during the fourth quarter. Campbell Wealth Management now owns 2,274 shares of the company’s stock worth $346,000 after purchasing an additional 379 shares during the last quarter. Asset Planning Inc acquired a new stake in PepsiCo during the fourth quarter worth about $155,000. V Square Quantitative Management LLC increased its position in PepsiCo by 8.2% during the fourth quarter. V Square Quantitative Management LLC now owns 20,216 shares of the company’s stock worth $3,074,000 after purchasing an additional 1,528 shares during the last quarter. Compagnie Lombard Odier SCmA increased its position in PepsiCo by 15.2% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 56,571 shares of the company’s stock worth $8,602,000 after purchasing an additional 7,460 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new stake in PepsiCo during the fourth quarter worth about $451,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.4 %

Shares of PepsiCo stock opened at $144.58 on Friday. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a 50 day moving average of $150.41 and a 200 day moving average of $163.54. The company has a quick ratio of 0.70, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $198.29 billion, a P/E ratio of 20.80, a P/E/G ratio of 2.89 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the previous year, the firm earned $1.78 earnings per share. The firm’s quarterly revenue was down .2% on a year-over-year basis. As a group, research analysts forecast that PepsiCo, Inc. will post 8.34 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.75%. PepsiCo’s payout ratio is currently 77.99%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PEP shares. CICC Research restated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. HSBC lowered their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. UBS Group lowered their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Finally, Citigroup lowered their target price on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $171.47.

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.