S&CO Inc. Sells 3,520 Shares of PepsiCo, Inc. (NASDAQ:PEP)

S&CO Inc. lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 103,446 shares of the company’s stock after selling 3,520 shares during the period. PepsiCo comprises about 1.1% of S&CO Inc.’s portfolio, making the stock its 24th biggest position. S&CO Inc.’s holdings in PepsiCo were worth $15,729,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in PEP. Collier Financial acquired a new position in shares of PepsiCo in the 4th quarter valued at about $28,000. Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo in the 3rd quarter valued at about $31,000. Rakuten Securities Inc. lifted its stake in shares of PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares during the period. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at about $30,000. Finally, Bay Harbor Wealth Management LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at about $34,000. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PEP. UBS Group dropped their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Barclays upped their price target on PepsiCo from $153.00 to $168.00 and gave the stock an “overweight” rating in a research note on Thursday, March 6th. TD Cowen dropped their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. BNP Paribas dropped their price target on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. dropped their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $172.35.

PepsiCo Stock Performance

PEP stock opened at $156.25 on Tuesday. The firm has a market cap of $214.30 billion, a PE ratio of 22.48, a P/E/G ratio of 3.09 and a beta of 0.52. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The business has a 50 day moving average of $148.89 and a 200-day moving average of $160.62. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $1.78 earnings per share. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 3.47%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

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.