PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Cornerstone Capital Inc.

Cornerstone Capital Inc. decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 154,250 shares of the company’s stock after selling 6,054 shares during the period. PepsiCo makes up about 2.9% of Cornerstone Capital Inc.’s holdings, making the stock its 11th biggest position. Cornerstone Capital Inc.’s holdings in PepsiCo were worth $26,198,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cerity Partners LLC boosted its stake in shares of PepsiCo by 59.4% during the 4th quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock worth $168,747,000 after acquiring an additional 370,122 shares in the last quarter. Harbour Capital Advisors LLC lifted its stake in PepsiCo by 0.4% in the 4th quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after buying an additional 102 shares in the last quarter. Meadow Creek Wealth Advisors LLC purchased a new stake in PepsiCo in the 4th quarter valued at approximately $405,000. Manchester Capital Management LLC lifted its stake in PepsiCo by 1.4% in the 3rd quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock valued at $2,243,000 after buying an additional 185 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC lifted its stake in PepsiCo by 34.5% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock valued at $2,091,000 after buying an additional 3,159 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.6 %

Shares of NASDAQ PEP opened at $175.58 on Friday. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88. The company has a market cap of $241.39 billion, a P/E ratio of 26.40, a P/E/G ratio of 2.86 and a beta of 0.53. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The stock has a fifty day moving average price of $169.40 and a 200 day moving average price of $167.88.

PepsiCo (NASDAQ:PEP) last posted 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. The company had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.50 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a $1.265 dividend. The ex-dividend date was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.88%. PepsiCo’s payout ratio is currently 76.09%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Barclays boosted their price target on PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a report on Wednesday. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $187.42.

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.