Whittier Trust Co. of Nevada Inc. Trims Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Whittier Trust Co. of Nevada Inc. lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 19.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 100,830 shares of the company’s stock after selling 25,089 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in PepsiCo were worth $15,332,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PEP. Swedbank AB grew its stake in shares of PepsiCo by 211.4% in the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after acquiring an additional 1,592,343 shares in the last quarter. Howard Capital Management Group LLC grew its stake in shares of PepsiCo by 2.0% during the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after purchasing an additional 90 shares in the last quarter. Citizens Financial Group Inc. RI lifted its position in PepsiCo by 7.6% in the third quarter. Citizens Financial Group Inc. RI now owns 230,480 shares of the company’s stock valued at $39,193,000 after acquiring an additional 16,284 shares during the last quarter. Cornerstone Advisors LLC lifted its position in PepsiCo by 4.5% in the third quarter. Cornerstone Advisors LLC now owns 76,200 shares of the company’s stock valued at $12,958,000 after acquiring an additional 3,300 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in PepsiCo by 12.8% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,141,904 shares of the company’s stock valued at $194,180,000 after acquiring an additional 129,358 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PEP shares. BNP Paribas reduced their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Evercore ISI cut their price target on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Wells Fargo & Company dropped their target price on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Jefferies Financial Group cut shares of PepsiCo from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. Finally, StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus price target of $169.88.

PepsiCo Stock Down 0.6 %

Shares of PEP opened at $147.15 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The firm has a market cap of $201.82 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company’s fifty day moving average is $148.98 and its two-hundred day moving average is $159.41. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the previous year, the business posted $1.78 EPS. The business’s quarterly revenue was down .2% on a year-over-year basis. Analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company 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 $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.68%. PepsiCo’s dividend payout ratio is currently 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.