PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Blair William & Co. IL

Blair William & Co. IL reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 558,547 shares of the company’s stock after selling 33,833 shares during the quarter. Blair William & Co. IL’s holdings in PepsiCo were worth $84,933,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Howard Capital Management Group LLC grew its position in PepsiCo by 2.0% in the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after buying an additional 90 shares during the last quarter. DRW Securities LLC grew its holdings in shares of PepsiCo by 59.8% in the 3rd quarter. DRW Securities LLC now owns 4,250 shares of the company’s stock worth $723,000 after acquiring an additional 1,591 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of PepsiCo by 7.1% in the third quarter. Loomis Sayles & Co. L P now owns 1,965 shares of the company’s stock worth $334,000 after buying an additional 130 shares during the period. FMR LLC boosted its position in shares of PepsiCo by 4.4% in the third quarter. FMR LLC now owns 6,724,464 shares of the company’s stock worth $1,143,495,000 after buying an additional 281,318 shares during the period. Finally, Transamerica Financial Advisors Inc. boosted its position in PepsiCo by 9.8% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 5,438 shares of the company’s stock worth $925,000 after acquiring an additional 487 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Evercore ISI decreased their price objective on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. BNP Paribas lowered their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Piper Sandler assumed coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target on the stock. Finally, Morgan Stanley reduced their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $169.88.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $148.64 on Thursday. The firm has a market cap of $203.86 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The firm’s fifty day moving average is $149.16 and its 200-day moving average is $158.43. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data 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. The company had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm’s revenue was down .2% compared to the same quarter last year. During the same period last year, the company earned $1.78 earnings per share. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.65%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

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.