PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Cambridge Trust Co.

Cambridge Trust Co. reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,385 shares of the company’s stock after selling 1,798 shares during the quarter. Cambridge Trust Co.’s holdings in PepsiCo were worth $5,839,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA increased its stake in PepsiCo by 80.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares during the period. Life Planning Partners Inc purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $34,000. Avion Wealth boosted its holdings in shares of PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after acquiring an additional 92 shares in the last quarter. Financial Connections Group Inc. purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $44,000. Finally, Pacific Center for Financial Services purchased a new stake in shares of PepsiCo in the first quarter valued at about $47,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a report on Friday, February 9th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Barclays boosted their price objective on shares of PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 price objective on shares of PepsiCo in a report on Monday, February 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, PepsiCo presently has an average rating of “Moderate Buy” and a consensus target price of $186.92.

PepsiCo Trading Up 1.1 %

PEP stock traded up $1.81 on Thursday, hitting $171.29. 2,272,519 shares of the company were exchanged, compared to its average volume of 5,678,714. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68. The business’s fifty day moving average is $168.58 and its two-hundred day moving average is $167.38. The stock has a market capitalization of $235.44 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 2.63 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The firm had revenue of $27.84 billion during the quarter, compared to analyst estimates of $28.40 billion. During the same quarter in the prior year, the business posted $1.67 earnings per share. PepsiCo’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, research analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a $1.265 dividend. This represents a $5.06 annualized dividend and a dividend yield of 2.95%. The ex-dividend date was Thursday, February 29th. PepsiCo’s payout ratio is currently 77.02%.

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.