Kelly Lawrence W & Associates Inc. CA Sells 1,329 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Kelly Lawrence W & Associates Inc. CA trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,040 shares of the company’s stock after selling 1,329 shares during the quarter. PepsiCo accounts for approximately 2.2% of Kelly Lawrence W & Associates Inc. CA’s portfolio, making the stock its 20th largest holding. Kelly Lawrence W & Associates Inc. CA’s holdings in PepsiCo were worth $9,282,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mirabella Financial Services LLP purchased a new stake in shares of PepsiCo during the fourth quarter valued at approximately $3,063,000. MetLife Investment Management LLC raised its stake in shares of PepsiCo by 1.1% during the 4th quarter. MetLife Investment Management LLC now owns 411,084 shares of the company’s stock worth $62,509,000 after purchasing an additional 4,422 shares during the period. Natixis boosted its holdings in shares of PepsiCo by 120.3% in the 4th quarter. Natixis now owns 650,938 shares of the company’s stock worth $98,982,000 after buying an additional 355,508 shares during the last quarter. Norinchukin Bank The increased its holdings in PepsiCo by 7.3% during the fourth quarter. Norinchukin Bank The now owns 72,443 shares of the company’s stock worth $11,016,000 after buying an additional 4,929 shares during the last quarter. Finally, Ossiam boosted its stake in PepsiCo by 138.9% in the fourth quarter. Ossiam now owns 73,604 shares of the company’s stock valued at $11,192,000 after acquiring an additional 42,793 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on PEP. HSBC decreased their price target 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. Barclays cut PepsiCo from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $168.00 to $156.00 in a research report on Tuesday, March 18th. Piper Sandler began coverage on PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Finally, Bank of America reiterated a “neutral” rating and issued a $155.00 target price (down previously from $185.00) on shares of PepsiCo in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $168.12.

PepsiCo Stock Up 2.0 %

Shares of NASDAQ PEP opened at $142.84 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The business has a 50-day moving average of $148.16 and a 200-day moving average of $154.84. The firm has a market capitalization of $195.88 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 12 month low of $138.33 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its quarterly 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. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the prior year, the firm earned $1.78 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date was Friday, March 7th. PepsiCo’s payout ratio is currently 77.99%.

PepsiCo Company 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.