PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,234 shares of the company’s stock after selling 875 shares during the quarter. PepsiCo comprises 0.9% of Cutter & CO Brokerage Inc.’s investment portfolio, making the stock its 29th biggest holding. Cutter & CO Brokerage Inc.’s holdings in PepsiCo were worth $3,216,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of PepsiCo by 5.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock valued at $3,121,736,000 after buying an additional 920,032 shares during the period. Northern Trust Corp lifted its holdings in shares of PepsiCo by 3.7% in the 3rd quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock valued at $2,859,812,000 after buying an additional 595,357 shares during the period. California Public Employees Retirement System lifted its holdings in shares of PepsiCo by 17.9% in the 4th quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock valued at $1,641,389,000 after buying an additional 1,470,064 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of PepsiCo by 9.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,316,036 shares of the company’s stock valued at $1,239,629,000 after buying an additional 608,321 shares during the period. Finally, Deutsche Bank AG raised its holdings in PepsiCo by 2.1% during the third quarter. Deutsche Bank AG now owns 6,774,800 shares of the company’s stock worth $1,147,922,000 after purchasing an additional 142,243 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wedbush reissued an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research report on Tuesday. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $180.00 to $195.00 in a research report on Monday, February 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a research report on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, PepsiCo currently has an average rating of “Moderate Buy” and an average target price of $186.92.

PepsiCo Stock Performance

PEP traded down $5.24 during trading hours on Tuesday, hitting $171.22. The company’s stock had a trading volume of 9,134,290 shares, compared to its average volume of 5,799,144. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88. 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 firm has a market capitalization of $235.34 billion, a PE ratio of 26.21, a PEG ratio of 2.73 and a beta of 0.53. The company has a 50-day simple moving average of $168.80 and a 200 day simple moving average of $167.55.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. The firm had revenue of $27.84 billion during the quarter, compared to analyst estimates 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 period last year, the company posted $1.67 EPS. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were paid a dividend of $1.265 per share. This represents a $5.06 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio is presently 77.02%.

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.