Coastline Trust Co Trims Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Coastline Trust Co cut its stake in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 0.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 23,139 shares of the company’s stock after selling 202 shares during the quarter. Coastline Trust Co’s holdings in PepsiCo were worth $3,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of PEP. Moneta Group Investment Advisors LLC raised its holdings in shares of PepsiCo by 95,514.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock valued at $7,746,023,000 after buying an additional 42,831,405 shares during the last quarter. Norges Bank purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $2,519,707,000. Morgan Stanley raised its holdings 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 buying an additional 4,629,947 shares during the last quarter. Comerica Bank purchased a new stake in shares of PepsiCo in the second quarter valued at about $360,472,000. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of PepsiCo in the third quarter valued at about $329,179,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PEP has been the subject of a number of research reports. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a report on Monday, March 18th. JPMorgan Chase & Co. cut shares of PepsiCo from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $185.00 to $176.00 in a report on Tuesday, December 19th. Wedbush reissued an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a report on Friday, February 9th. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and increased their price target for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Finally, Barclays increased their price target on shares of PepsiCo from $179.00 to $183.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $187.77.

Get Our Latest Report on PepsiCo

PepsiCo Trading Down 0.9 %

Shares of PEP opened at $171.44 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. The firm’s 50-day moving average is $168.60 and its two-hundred day moving average is $167.80. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The firm has a market capitalization of $235.65 billion, a P/E ratio of 26.09, a PEG ratio of 2.71 and a beta of 0.53.

PepsiCo (NASDAQ:PEPGet Free Report) last released its quarterly earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.72 by $0.06. The business had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business earned $1.67 earnings per share. On average, research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a $1.265 dividend. The ex-dividend date was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 2.95%. PepsiCo’s dividend payout ratio is presently 77.02%.

PepsiCo Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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