TCV Trust & Wealth Management Inc. Sells 128 Shares of PepsiCo, Inc. (NASDAQ:PEP)

TCV Trust & Wealth Management Inc. trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,437 shares of the company’s stock after selling 128 shares during the period. TCV Trust & Wealth Management Inc.’s holdings in PepsiCo were worth $12,839,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. AMF Tjanstepension AB raised its position in shares of PepsiCo by 15.8% during the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock valued at $50,016,000 after buying an additional 40,031 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in shares of PepsiCo by 49.7% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,976 shares of the company’s stock valued at $336,000 after purchasing an additional 656 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in shares of PepsiCo during the third quarter valued at about $44,000. CX Institutional lifted its position in shares of PepsiCo by 204.1% in the third quarter. CX Institutional now owns 41,184 shares of the company’s stock worth $7,003,000 after buying an additional 27,643 shares in the last quarter. Finally, Wesbanco Bank Inc. boosted its stake in PepsiCo by 1.2% during the third quarter. Wesbanco Bank Inc. now owns 152,685 shares of the company’s stock valued at $25,964,000 after buying an additional 1,877 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PEP. BNP Paribas cut their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Morgan Stanley lowered their price target on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company decreased their price objective on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Royal Bank of Canada began coverage on PepsiCo in a report on Tuesday, February 4th. They set a $172.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $171.47.

PepsiCo Stock Performance

PEP stock opened at $145.64 on Wednesday. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.70. The company has a market capitalization of $199.75 billion, a P/E ratio of 20.96, a PEG ratio of 2.89 and a beta of 0.54. The business has a 50-day moving average price of $151.05 and a 200 day moving average price of $163.87.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s revenue was down .2% compared to the same quarter last year. During the same period last year, the business posted $1.78 EPS. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.34 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.72%. PepsiCo’s dividend payout ratio 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.