PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Burns J W & Co. Inc. NY

Burns J W & Co. Inc. NY lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 106,914 shares of the company’s stock after selling 263 shares during the quarter. PepsiCo comprises approximately 2.7% of Burns J W & Co. Inc. NY’s holdings, making the stock its 7th largest holding. Burns J W & Co. Inc. NY’s holdings in PepsiCo were worth $18,158,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC boosted its stake in PepsiCo by 95,514.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock valued at $7,746,023,000 after acquiring an additional 42,831,405 shares during the last quarter. Norges Bank acquired a new position in PepsiCo during the 4th quarter valued at about $2,519,707,000. Morgan Stanley grew its holdings in PepsiCo by 21.0% in the 4th quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock worth $4,827,240,000 after buying an additional 4,629,947 shares in the last quarter. Comerica Bank bought a new stake in shares of PepsiCo during the second quarter valued at about $360,472,000. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of PepsiCo in the 3rd quarter worth approximately $329,179,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on PEP shares. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Monday, March 18th. JPMorgan Chase & Co. downgraded shares of PepsiCo from an “overweight” rating to a “neutral” rating and cut their price target for the company from $185.00 to $176.00 in a report on Tuesday, December 19th. Barclays raised their price objective on PepsiCo from $179.00 to $183.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and increased their price target for the company from $180.00 to $195.00 in a report on Monday, February 12th. Finally, StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.77.

PepsiCo Price Performance

NASDAQ PEP traded up $1.44 during trading on Friday, reaching $175.01. 5,710,539 shares of the company traded hands, compared to its average volume of 6,548,546. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88. The company has a market cap of $240.55 billion, a price-to-earnings ratio of 26.64, a P/E/G ratio of 2.72 and a beta of 0.53. The stock’s 50 day moving average price is $168.26 and its two-hundred day moving average price is $168.04. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85.

PepsiCo (NASDAQ:PEP) last announced 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. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The business had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. During the same quarter in the previous year, the firm earned $1.67 EPS. PepsiCo’s quarterly revenue was down .6% on a year-over-year basis. As a group, analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 1st will be issued a dividend of $1.265 per share. This represents a $5.06 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, February 29th. PepsiCo’s dividend payout ratio is currently 77.02%.

PepsiCo 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.