Diversified Trust Co Cuts Stake in PepsiCo, Inc. (NASDAQ:PEP)

Diversified Trust Co cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 10.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,946 shares of the company’s stock after selling 7,949 shares during the quarter. Diversified Trust Co’s holdings in PepsiCo were worth $10,636,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PEP. ShankerValleau Wealth Advisors Inc. raised its stake in shares of PepsiCo by 2.4% during the 4th quarter. ShankerValleau Wealth Advisors Inc. now owns 8,529 shares of the company’s stock worth $1,297,000 after acquiring an additional 200 shares in the last quarter. Ables Iannone Moore & Associates Inc. grew its holdings in PepsiCo by 9.7% in the fourth quarter. Ables Iannone Moore & Associates Inc. now owns 7,887 shares of the company’s stock worth $1,199,000 after purchasing an additional 696 shares during the last quarter. Doliver Advisors LP increased its position in shares of PepsiCo by 1.7% during the fourth quarter. Doliver Advisors LP now owns 5,411 shares of the company’s stock worth $823,000 after purchasing an additional 93 shares in the last quarter. Pensionfund Sabic lifted its holdings in shares of PepsiCo by 52.0% during the 4th quarter. Pensionfund Sabic now owns 19,000 shares of the company’s stock valued at $2,889,000 after purchasing an additional 6,500 shares during the last quarter. Finally, Everence Capital Management Inc. boosted its position in shares of PepsiCo by 48.2% in the 4th quarter. Everence Capital Management Inc. now owns 56,089 shares of the company’s stock worth $8,529,000 after purchasing an additional 18,250 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.2 %

NASDAQ PEP traded up $0.33 during mid-day trading on Tuesday, reaching $146.60. 2,120,890 shares of the company’s stock traded hands, compared to its average volume of 5,405,821. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 1-year low of $146.10 and a 1-year high of $183.41. The company has a fifty day simple moving average of $159.04 and a 200-day simple moving average of $167.12. The company has a market cap of $201.13 billion, a price-to-earnings ratio of 21.62, a P/E/G ratio of 2.94 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.01. The firm had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. PepsiCo’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $2.25 earnings per share. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were issued a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.70%. PepsiCo’s dividend payout ratio is currently 79.94%.

Analysts Set New Price Targets

A number of research firms recently commented on PEP. Wells Fargo & Company lowered their target price on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a research note on Tuesday. Royal Bank of Canada dropped their price objective on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday, October 4th. Barclays reduced their target price on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price for the company. in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $182.29.

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.