PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 93,281 shares of the company’s stock after selling 1,095 shares during the period. PepsiCo makes up approximately 1.4% of Beaumont Financial Advisors LLC’s holdings, making the stock its 22nd largest position. Beaumont Financial Advisors LLC’s holdings in PepsiCo were worth $15,843,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Moneta Group Investment Advisors LLC raised its holdings in PepsiCo by 95,514.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock worth $7,746,023,000 after purchasing an additional 42,831,405 shares in the last quarter. Morgan Stanley grew its position in shares of PepsiCo by 21.0% in the fourth quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock valued at $4,827,240,000 after purchasing an additional 4,629,947 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of PepsiCo by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock valued at $3,121,736,000 after purchasing an additional 920,032 shares during the last quarter. Northern Trust Corp grew its position in shares of PepsiCo by 3.7% in the third quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock valued at $2,859,812,000 after purchasing an additional 595,357 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $2,519,707,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research report on Monday, March 18th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Barclays raised their target price on shares of PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and raised their target price for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, PepsiCo presently has an average rating of “Moderate Buy” and an average target price of $186.92.

PepsiCo Trading Up 0.4 %

Shares of PEP stock traded up $0.65 during mid-day trading on Friday, reaching $172.92. The company’s stock had a trading volume of 2,826,366 shares, compared to its average volume of 5,684,592. The company’s 50 day simple moving average is $168.55 and its 200-day simple moving average is $167.42. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $237.68 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 2.66 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The business had revenue of $27.84 billion for the quarter, compared to the consensus estimate of $28.40 billion. During the same quarter last year, the firm posted $1.67 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, research analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a dividend of $1.265 per share. This represents a $5.06 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is 77.02%.

PepsiCo 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.