Birch Hill Investment Advisors LLC Cuts Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Birch Hill Investment Advisors LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,860 shares of the company’s stock after selling 1,330 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in PepsiCo were worth $11,839,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PEP. Highline Wealth Partners LLC purchased a new stake in PepsiCo during the 3rd quarter valued at $28,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo in the 3rd quarter worth about $31,000. Rakuten Securities Inc. grew its holdings in PepsiCo by 93.2% during 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 last quarter. Bay Harbor Wealth Management LLC purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $34,000. Finally, ORG Wealth Partners LLC bought a new position in shares of PepsiCo during the third quarter valued at approximately $44,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 0.5 %

PEP opened at $144.58 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a market cap of $198.29 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54. The company has a 50-day moving average price of $151.42 and a 200 day moving average price of $164.10.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The business 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 business’s revenue was down .2% on a year-over-year basis. During the same period last year, the company posted $1.78 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.75%. PepsiCo’s payout ratio is 77.99%.

Analyst Ratings Changes

PEP has been the topic of a number of research analyst reports. Royal Bank of Canada started coverage on shares of PepsiCo in a report on Tuesday, February 4th. They issued a $172.00 price target on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Barclays lowered their price target on PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a report on Thursday. Wells Fargo & Company reduced their price objective on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, CICC Research reiterated a “market perform” rating on shares of PepsiCo in a report on Friday. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $171.47.

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.