Abbrea Capital LLC Has $10.56 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Abbrea Capital LLC lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,688 shares of the company’s stock after selling 163 shares during the quarter. PepsiCo comprises about 1.5% of Abbrea Capital LLC’s investment portfolio, making the stock its 18th largest position. Abbrea Capital LLC’s holdings in PepsiCo were worth $10,555,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of PepsiCo by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock worth $3,121,736,000 after acquiring an additional 920,032 shares in the last quarter. Northern Trust Corp grew its holdings in shares of PepsiCo by 3.7% during the third quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock worth $2,859,812,000 after buying an additional 595,357 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of PepsiCo by 17.9% during the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock worth $1,641,389,000 after buying an additional 1,470,064 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of PepsiCo by 9.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,316,036 shares of the company’s stock worth $1,239,629,000 after buying an additional 608,321 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of PepsiCo by 2.1% during the third quarter. Deutsche Bank AG now owns 6,774,800 shares of the company’s stock worth $1,147,922,000 after buying an additional 142,243 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.6 %

Shares of NASDAQ:PEP traded down $1.10 on Friday, hitting $175.58. 4,462,453 shares of the company’s stock were exchanged, compared to its average volume of 5,855,188. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88. The stock has a market capitalization of $241.39 billion, a price-to-earnings ratio of 26.52, a price-to-earnings-growth ratio of 2.80 and a beta of 0.53. The business’s 50 day simple moving average is $169.22 and its two-hundred day simple moving average is $167.76. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The firm had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. PepsiCo’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.50 earnings per share. Analysts anticipate that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were issued a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio is presently 76.09%.

Analyst Ratings Changes

A number of research firms recently issued reports on PEP. Royal Bank of Canada reiterated a “sector perform” rating and set a $180.00 price objective on shares of PepsiCo in a report on Monday, February 12th. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and raised their price objective for the company from $180.00 to $195.00 in a research report on Monday, February 12th. Barclays raised their price objective on PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price target on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Finally, JPMorgan Chase & Co. raised their price objective on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.42.

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.