PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,954,952 shares of the company’s stock after selling 428,669 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in PepsiCo were worth $1,513,750,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Collier Financial purchased a new stake in shares of PepsiCo in the 4th quarter valued at approximately $28,000. WealthTrak Capital Management LLC acquired a new stake in PepsiCo in the 4th quarter valued at approximately $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo during the fourth quarter worth $30,000. Prudent Man Investment Management Inc. purchased a new position in shares of PepsiCo during the fourth quarter worth $30,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo in the third quarter valued at $31,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Morgan Stanley lowered their target price on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. HSBC dropped their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. TD Cowen reduced their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. CICC Research restated a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Finally, Royal Bank of Canada assumed coverage on PepsiCo in a report on Tuesday, February 4th. They issued a $172.00 target price for the company. 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 a consensus price target of $169.88.

PepsiCo Trading Down 0.2 %

NASDAQ PEP opened at $149.67 on Wednesday. The firm’s fifty day moving average price is $149.30 and its 200 day moving average price is $157.52. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The company has a market capitalization of $205.27 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 earnings per share. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.62%. PepsiCo’s payout ratio is 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.