PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC decreased its position in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 3.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 58,107 shares of the company’s stock after selling 2,118 shares during the period. Venturi Wealth Management LLC’s holdings in PepsiCo were worth $9,869,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of PEP. Moneta Group Investment Advisors LLC lifted its holdings in shares of PepsiCo by 95,514.1% during 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 purchasing an additional 42,831,405 shares during the last quarter. Norges Bank purchased a new stake in shares of PepsiCo during the fourth quarter valued at $2,519,707,000. Morgan Stanley lifted its holdings in shares of PepsiCo by 21.0% during the fourth quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock valued at $4,827,240,000 after purchasing an additional 4,629,947 shares during the last quarter. Comerica Bank purchased a new stake in shares of PepsiCo during the second quarter valued at $360,472,000. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in PepsiCo during the third quarter valued at $329,179,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

PEP stock traded down $1.42 during trading on Wednesday, hitting $170.02. The company had a trading volume of 727,599 shares, compared to its average volume of 5,827,208. The company has a fifty day moving average price of $168.60 and a two-hundred day moving average price of $167.80. 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 company has a market cap of $233.69 billion, a P/E ratio of 26.09, a P/E/G ratio of 2.71 and a beta of 0.53. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88.

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a $1.265 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.98%. PepsiCo’s payout ratio is 77.02%.

Analyst Upgrades and Downgrades

PEP has been the subject of several research analyst reports. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research note on Monday, March 18th. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft increased their price objective on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a research note on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $187.77.

Read Our Latest Stock Report on PepsiCo

PepsiCo 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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