Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Lowers Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 220,650 shares of the company’s stock after selling 7,131 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in PepsiCo were worth $31,390,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in PEP. TAGStone Capital Inc. boosted its position in shares of PepsiCo by 2.8% during the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company’s stock worth $388,000 after buying an additional 70 shares during the period. Lokken Investment Group LLC lifted its stake in PepsiCo by 0.9% in the 4th quarter. Lokken Investment Group LLC now owns 7,699 shares of the company’s stock valued at $1,171,000 after acquiring an additional 70 shares in the last quarter. Legacy Financial Group LLC boosted its position in PepsiCo by 4.9% during the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company’s stock worth $227,000 after acquiring an additional 71 shares during the last quarter. Atlantic Private Wealth LLC grew its stake in shares of PepsiCo by 37.5% during the 4th quarter. Atlantic Private Wealth LLC now owns 275 shares of the company’s stock worth $42,000 after acquiring an additional 75 shares in the last quarter. Finally, Pflug Koory LLC raised its holdings in shares of PepsiCo by 1.0% in the first quarter. Pflug Koory LLC now owns 7,750 shares of the company’s stock valued at $1,162,000 after purchasing an additional 76 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PEP shares. Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. UBS Group decreased their price objective on PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a report on Friday, April 25th. Evercore ISI set a $140.00 price target on PepsiCo in a research report on Thursday, April 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $148.00 price target on shares of PepsiCo in a research report on Tuesday. Finally, Citigroup cut their price objective on PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $159.75.

PepsiCo Trading Up 0.2%

Shares of PepsiCo stock opened at $128.22 on Friday. 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 business has a fifty day simple moving average of $132.07 and a two-hundred day simple moving average of $143.22. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $180.91. The company has a market capitalization of $175.80 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 3.68 and a beta of 0.45.

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

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a $1.4225 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.44%. PepsiCo’s dividend payout ratio is presently 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.