Fayez Sarofim & Co Cuts Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Fayez Sarofim & Co lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,985,941 shares of the company’s stock after selling 855 shares during the quarter. Fayez Sarofim & Co’s holdings in PepsiCo were worth $456,420,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. Howard Capital Management Group LLC boosted its position in shares of PepsiCo by 2.0% during the 3rd 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. Morse Asset Management Inc acquired a new stake in shares of PepsiCo in the third quarter valued at about $996,000. Invst LLC grew its position in PepsiCo by 4.6% during the third quarter. Invst LLC now owns 3,003 shares of the company’s stock worth $511,000 after buying an additional 133 shares during the period. Virtu Financial LLC acquired a new stake in shares of PepsiCo during the 3rd quarter valued at approximately $1,611,000. Finally, Te Ahumairangi Investment Management Ltd boosted its stake in shares of PepsiCo by 3.4% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 16,624 shares of the company’s stock worth $2,811,000 after acquiring an additional 550 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of research analyst reports. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. UBS Group reduced their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Evercore ISI reduced their target price on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. BNP Paribas cut their price target on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Finally, Morgan Stanley dropped their price objective on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $168.12.

PepsiCo Price Performance

PEP stock opened at $142.84 on Monday. The company has a market capitalization of $195.88 billion, a PE ratio of 20.55, a P/E/G ratio of 3.09 and a beta of 0.49. 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 stock’s 50 day moving average is $148.16 and its two-hundred day moving average is $154.74. PepsiCo, Inc. has a 52-week low of $138.33 and a 52-week high of $183.41.

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

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.79%. The ex-dividend date was Friday, March 7th. PepsiCo’s dividend 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.