PepsiCo, Inc. (NASDAQ:PEP) Holdings Decreased by Wellington Management Group LLP

Wellington Management Group LLP lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,768,344 shares of the company’s stock after selling 330,207 shares during the quarter. Wellington Management Group LLP owned approximately 0.86% of PepsiCo worth $1,789,494,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Skba Capital Management LLC raised its stake in PepsiCo by 3.7% during the 4th quarter. Skba Capital Management LLC now owns 38,120 shares of the company’s stock valued at $5,797,000 after acquiring an additional 1,350 shares in the last quarter. Partners in Financial Planning bought a new position in PepsiCo in the 4th quarter valued at about $213,000. Clearbridge Investments LLC raised its position in shares of PepsiCo by 26.9% during the 4th quarter. Clearbridge Investments LLC now owns 1,755,099 shares of the company’s stock worth $266,880,000 after buying an additional 372,419 shares in the last quarter. Brandywine Global Investment Management LLC bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $44,301,000. Finally, RWA Wealth Partners LLC increased its stake in shares of PepsiCo by 11.6% during the fourth quarter. RWA Wealth Partners LLC now owns 239,231 shares of the company’s stock valued at $36,377,000 after acquiring an additional 24,923 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. HSBC lowered their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Citigroup dropped their target price on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. CICC Research restated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft cut their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company dropped their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, PepsiCo presently has an average rating of “Hold” and an average target price of $169.88.

PepsiCo Trading Down 0.3 %

NASDAQ:PEP opened at $149.27 on Monday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The company has a market capitalization of $204.72 billion, a P/E ratio of 21.48, a P/E/G ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The stock’s 50 day moving average price is $149.25 and its 200 day moving average price is $157.91.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $27.89 billion. During the same period in the prior year, the company posted $1.78 earnings per share. PepsiCo’s revenue for the quarter was down .2% on a year-over-year basis. On average, research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

About PepsiCo

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.