PepsiCo, Inc. (NASDAQ:PEP) Stake Trimmed by Jensen Investment Management Inc.

Jensen Investment Management Inc. reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,554,303 shares of the company’s stock after selling 36,933 shares during the quarter. PepsiCo accounts for approximately 3.5% of Jensen Investment Management Inc.’s holdings, making the stock its 10th biggest holding. Jensen Investment Management Inc. owned approximately 0.19% of PepsiCo worth $388,407,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Swedbank AB grew its stake in PepsiCo by 211.4% in the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after acquiring an additional 1,592,343 shares in the last quarter. Howard Capital Management Group LLC grew its stake in PepsiCo by 2.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after acquiring an additional 90 shares in the last quarter. Accredited Investors Inc. grew its stake in PepsiCo by 1.6% in the 3rd quarter. Accredited Investors Inc. now owns 10,642 shares of the company’s stock worth $1,810,000 after acquiring an additional 168 shares in the last quarter. Spinnaker Investment Group LLC grew its stake in PepsiCo by 10.2% in the 3rd quarter. Spinnaker Investment Group LLC now owns 3,501 shares of the company’s stock worth $595,000 after acquiring an additional 324 shares in the last quarter. Finally, Phraction Management LLC bought a new position in PepsiCo in the 3rd quarter worth about $308,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Up 0.2 %

NASDAQ PEP opened at $148.59 on Monday. The company has a fifty day simple moving average of $148.76 and a two-hundred day simple moving average of $159.89. The stock has a market cap of $203.79 billion, a P/E ratio of 21.38, a P/E/G ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping 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 net margin of 10.43% and a return on equity of 58.87%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the company posted $1.78 earnings per share. On average, analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.65%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PEP shares. 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 research note on Wednesday, January 22nd. Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and dropped their price objective for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Morgan Stanley dropped their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada started coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 price objective on the stock. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $170.59.

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.