PepsiCo, Inc. (NASDAQ:PEP) Holdings Lowered by Evercore Wealth Management LLC

Evercore Wealth Management LLC lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,483 shares of the company’s stock after selling 2,543 shares during the quarter. Evercore Wealth Management LLC’s holdings in PepsiCo were worth $17,104,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Howard Capital Management Group LLC boosted its holdings in shares of PepsiCo by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after buying an additional 90 shares during the period. Morse Asset Management Inc bought a new stake in PepsiCo during the third quarter valued at about $996,000. Invst LLC grew its position in shares of PepsiCo by 4.6% in the third quarter. Invst LLC now owns 3,003 shares of the company’s stock valued at $511,000 after purchasing an additional 133 shares during the last quarter. Virtu Financial LLC bought a new position in shares of PepsiCo in the third quarter worth about $1,611,000. Finally, Te Ahumairangi Investment Management Ltd lifted its position in shares of PepsiCo by 3.4% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 16,624 shares of the company’s stock worth $2,811,000 after purchasing an additional 550 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 1.2 %

Shares of NASDAQ:PEP opened at $143.46 on Wednesday. The company’s fifty day moving average is $148.10 and its 200-day moving average is $154.48. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a 52 week low of $138.33 and a 52 week high of $183.41. The company has a market capitalization of $196.73 billion, a PE ratio of 20.64, a P/E/G ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.78 earnings per share. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.78%. PepsiCo’s dividend payout ratio is 77.99%.

Analyst Ratings Changes

PEP has been the topic of several recent analyst reports. HSBC dropped their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. UBS Group reduced their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, January 16th. BNP Paribas dropped their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Finally, Wells Fargo & Company lowered their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $167.24.

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.