Birch Hill Investment Advisors LLC Trims Stake in PepsiCo, Inc. (NASDAQ:PEP)

Birch Hill Investment Advisors LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,860 shares of the company’s stock after selling 1,330 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in PepsiCo were worth $11,839,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Highline Wealth Partners LLC bought a new stake in PepsiCo in the 3rd quarter worth approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in PepsiCo during the third quarter valued at about $31,000. Rakuten Securities Inc. grew its stake in shares of PepsiCo by 93.2% during 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. Bay Harbor Wealth Management LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at about $34,000. Finally, ORG Wealth Partners LLC purchased a new position in PepsiCo in the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.5 %

PEP stock opened at $144.58 on Friday. 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, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The stock has a market capitalization of $198.29 billion, a P/E ratio of 20.80, a P/E/G ratio of 2.89 and a beta of 0.54. The business has a fifty day moving average price of $151.42 and a 200-day moving average price of $164.10.

PepsiCo (NASDAQ:PEP) last announced 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 during the quarter, compared to analyst estimates of $27.89 billion. During the same period in the previous year, the business posted $1.78 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. Equities analysts forecast that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.75%. PepsiCo’s payout ratio is 77.99%.

Wall Street Analyst Weigh In

PEP has been the topic of several recent analyst reports. TD Cowen cut 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. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Evercore ISI dropped their target price on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Wells Fargo & Company reduced their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday. 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 report on Wednesday. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.