PepsiCo, Inc. (NASDAQ:PEP) Stock Position Reduced by Yacktman Asset Management LP

Yacktman Asset Management LP trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,102,672 shares of the company’s stock after selling 64,043 shares during the period. PepsiCo accounts for about 3.7% of Yacktman Asset Management LP’s holdings, making the stock its 8th largest holding. Yacktman Asset Management LP owned about 0.15% of PepsiCo worth $319,732,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PEP. Highline Wealth Partners LLC acquired a new position in PepsiCo in the third quarter valued at $28,000. Collier Financial acquired a new stake in shares of PepsiCo in the 4th quarter valued at about $28,000. Legacy Investment Solutions LLC purchased a new position in PepsiCo during the 3rd quarter worth approximately $31,000. Rakuten Securities Inc. lifted its stake in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after buying an additional 96 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

PEP opened at $144.35 on Tuesday. The stock’s 50 day simple moving average is $151.42 and its 200 day simple moving average is $164.06. The stock has a market cap of $197.98 billion, a P/E ratio of 20.77, a P/E/G ratio of 2.89 and a beta of 0.54. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year 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 0.70.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion during 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 for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the business posted $1.78 earnings per share. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.34 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.75%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Analyst Ratings Changes

Several research firms recently commented on PEP. BNP Paribas reduced their price target on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Wells Fargo & Company reduced their price objective on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. TD Cowen dropped their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $171.47.

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.