Stack Financial Management Inc Sells 857 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Stack Financial Management Inc trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 120,427 shares of the company’s stock after selling 857 shares during the quarter. PepsiCo comprises about 1.5% of Stack Financial Management Inc’s investment portfolio, making the stock its 28th largest holding. Stack Financial Management Inc’s holdings in PepsiCo were worth $18,057,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Asset Management One Co. Ltd. increased its holdings in shares of PepsiCo by 3.6% in the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock valued at $94,598,000 after purchasing an additional 21,859 shares during the period. Ossiam boosted its stake in shares of PepsiCo by 138.9% in the fourth quarter. Ossiam now owns 73,604 shares of the company’s stock worth $11,192,000 after buying an additional 42,793 shares during the last quarter. OMERS ADMINISTRATION Corp grew its stake in shares of PepsiCo by 12.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company’s stock worth $18,977,000 after purchasing an additional 13,461 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of PepsiCo by 2.3% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company’s stock valued at $40,624,000 after purchasing an additional 6,112 shares during the period. Finally, Hutner Capital Management Inc. increased its holdings in PepsiCo by 14.6% in the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company’s stock valued at $8,178,000 after buying an additional 6,865 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PEP. Evercore ISI set a $140.00 target price on PepsiCo in a research report on Thursday, April 24th. Morgan Stanley lowered their target price on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. UBS Group lowered their target price on PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Dbs Bank lowered shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 9th. Finally, Citigroup dropped their price objective on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $158.19.

PepsiCo Stock Performance

PepsiCo stock opened at $135.57 on Tuesday. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. The firm’s fifty day moving average price is $131.56 and its 200 day moving average price is $141.38. The company has a market capitalization of $185.88 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 4.23 and a beta of 0.45. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $180.91.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The business had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the previous year, the company earned $1.61 earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.20%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date was Friday, June 6th. PepsiCo’s dividend payout ratio (DPR) is 83.68%.

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.