PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Decreased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 19.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 100,830 shares of the company’s stock after selling 25,089 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in PepsiCo were worth $15,332,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of PEP. Swedbank AB boosted its stake in PepsiCo by 211.4% during the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock valued at $398,847,000 after purchasing an additional 1,592,343 shares during the period. Howard Capital Management Group LLC lifted its stake in shares of 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 during the period. Citizens Financial Group Inc. RI lifted its stake in shares of PepsiCo by 7.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 230,480 shares of the company’s stock worth $39,193,000 after acquiring an additional 16,284 shares during the period. Cornerstone Advisors LLC lifted its stake in PepsiCo by 4.5% during the third quarter. Cornerstone Advisors LLC now owns 76,200 shares of the company’s stock valued at $12,958,000 after purchasing an additional 3,300 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in PepsiCo by 12.8% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,141,904 shares of the company’s stock valued at $194,180,000 after purchasing an additional 129,358 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Jefferies Financial Group lowered 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. UBS Group dropped their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Piper Sandler began coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective on the stock. Finally, HSBC dropped their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $169.88.

PepsiCo Price Performance

NASDAQ PEP opened at $147.15 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company has a fifty day simple moving average of $148.98 and a 200 day simple moving average of $159.41. The company has a market cap of $201.82 billion, a P/E ratio of 21.17, a P/E/G ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41.

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

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 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.