PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Linscomb & Williams Inc.

Linscomb & Williams Inc. cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 59,130 shares of the company’s stock after selling 971 shares during the period. Linscomb & Williams Inc.’s holdings in PepsiCo were worth $10,043,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in PepsiCo in the fourth quarter valued at approximately $2,686,139,000. International Assets Investment Management LLC grew its stake in shares of PepsiCo by 9,623.6% during the 4th quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock valued at $519,381,000 after buying an additional 3,026,611 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of PepsiCo during the 3rd quarter worth $329,179,000. Flossbach Von Storch AG raised its position in shares of PepsiCo by 121.4% in the 4th quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock worth $463,259,000 after buying an additional 1,495,586 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in PepsiCo by 17.9% in the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock valued at $1,641,389,000 after acquiring an additional 1,470,064 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Wedbush restated an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a report on Tuesday, April 23rd. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and raised their price target for the company from $180.00 to $195.00 in a report on Monday, February 12th. Royal Bank of Canada reiterated a “sector perform” rating and set a $180.00 price objective on shares of PepsiCo in a research note on Monday, February 12th. Barclays raised their target price on shares of PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.58.

Insiders Place Their Bets

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total value of $1,000,360.00. Following the completion of the transaction, the chief executive officer now owns 53,953 shares of the company’s stock, valued at $9,603,634. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.15% of the stock is currently owned by company insiders.

PepsiCo Stock Down 0.7 %

Shares of PepsiCo stock traded down $1.28 during trading hours on Friday, hitting $177.99. 3,447,399 shares of the company’s stock traded hands, compared to its average volume of 3,948,433. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $192.38. The company has a market cap of $244.70 billion, a PE ratio of 26.77, a PEG ratio of 2.90 and a beta of 0.52. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The stock has a 50 day simple moving average of $174.57 and a 200-day simple moving average of $170.16.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. During the same quarter last year, the firm earned $1.50 EPS. PepsiCo’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts anticipate that PepsiCo, Inc. will post 8.17 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a $1.355 dividend. The ex-dividend date of this dividend is Friday, June 7th. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a yield of 3.05%. PepsiCo’s dividend payout ratio is currently 76.09%.

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.