PepsiCo, Inc. (NASDAQ:PEP) Holdings Cut by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,625,800 shares of the company’s stock after selling 100,077 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.26% of PepsiCo worth $551,339,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Strategic Financial Concepts LLC acquired a new position in PepsiCo during the fourth quarter worth $162,000. Leo Wealth LLC increased its holdings in shares of PepsiCo by 47.8% during the 4th quarter. Leo Wealth LLC now owns 13,328 shares of the company’s stock valued at $2,027,000 after acquiring an additional 4,309 shares during the last quarter. Iron Horse Wealth Management LLC raised its stake in shares of PepsiCo by 13.4% in the 4th quarter. Iron Horse Wealth Management LLC now owns 795 shares of the company’s stock valued at $121,000 after acquiring an additional 94 shares in the last quarter. Consolidated Portfolio Review Corp bought a new stake in PepsiCo during the fourth quarter worth approximately $455,000. Finally, Telos Capital Management Inc. grew its holdings in PepsiCo by 4.2% during the fourth quarter. Telos Capital Management Inc. now owns 126,906 shares of the company’s stock valued at $19,297,000 after purchasing an additional 5,092 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on PEP shares. BNP Paribas lowered their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday. Morgan Stanley lowered their price target on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Wednesday. HSBC decreased their target price on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday. Wells Fargo & Company cut their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $171.47.

PepsiCo Stock Down 0.2 %

Shares of NASDAQ PEP opened at $145.35 on Friday. The business has a fifty day moving average of $152.15 and a two-hundred day moving average of $164.39. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The stock has a market cap of $199.42 billion, a PE ratio of 21.44, a PEG ratio of 2.92 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same period in the previous year, the business earned $1.78 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 79.94%.

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.