Reynders McVeigh Capital Management LLC Trims Stake in PepsiCo, Inc. (NASDAQ:PEP)

Reynders McVeigh Capital Management LLC trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,155 shares of the company’s stock after selling 1,553 shares during the quarter. Reynders McVeigh Capital Management LLC’s holdings in PepsiCo were worth $3,673,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SageView Advisory Group LLC increased its stake in shares of PepsiCo by 1.8% in the 4th quarter. SageView Advisory Group LLC now owns 16,255 shares of the company’s stock worth $2,472,000 after acquiring an additional 294 shares in the last quarter. Keystone Financial Group increased its stake in shares of PepsiCo by 1.6% during the fourth quarter. Keystone Financial Group now owns 17,508 shares of the company’s stock valued at $2,661,000 after purchasing an additional 269 shares in the last quarter. Savvy Advisors Inc. boosted its position in shares of PepsiCo by 91.5% in the 4th quarter. Savvy Advisors Inc. now owns 6,205 shares of the company’s stock worth $944,000 after purchasing an additional 2,964 shares in the last quarter. Sanders Capital LLC grew its stake in shares of PepsiCo by 1.3% in the 4th quarter. Sanders Capital LLC now owns 5,138,847 shares of the company’s stock worth $781,413,000 after buying an additional 67,176 shares during the last quarter. Finally, Bragg Financial Advisors Inc increased its position in PepsiCo by 0.3% during the 4th quarter. Bragg Financial Advisors Inc now owns 61,790 shares of the company’s stock valued at $9,396,000 after buying an additional 208 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. UBS Group lowered their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group cut shares of PepsiCo from a “buy” rating to a “hold” rating and cut their price target for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. Evercore ISI decreased their price objective on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft reduced their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Finally, Morgan Stanley lowered their price target on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus target price of $169.88.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $144.43 on Friday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a 1 year low of $138.33 and a 1 year high of $183.41. The firm has a fifty day moving average price of $148.37 and a 200-day moving average price of $155.78. The stock has a market cap of $198.06 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49.

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

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.75%. PepsiCo’s payout ratio is 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.