Bessemer Group Inc. Cuts Position in PepsiCo, Inc. (NASDAQ:PEP)

Bessemer Group Inc. decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 9.2% in the 4th quarter, HoldingsChannel reports. The firm owned 460,631 shares of the company’s stock after selling 46,678 shares during the quarter. Bessemer Group Inc.’s holdings in PepsiCo were worth $70,044,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PEP. Tcfg Wealth Management LLC grew its stake in shares of PepsiCo by 3.5% during the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after purchasing an additional 66 shares in the last quarter. Lincoln Capital LLC raised its position in PepsiCo by 0.4% in the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock valued at $2,556,000 after purchasing an additional 70 shares during the last quarter. Marshall Financial Group LLC boosted its stake in shares of PepsiCo by 2.3% during the fourth quarter. Marshall Financial Group LLC now owns 3,128 shares of the company’s stock worth $476,000 after buying an additional 70 shares during the period. Osprey Private Wealth LLC grew its stake in shares of PepsiCo by 0.5% in the 4th quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company’s stock valued at $2,290,000 after purchasing an additional 70 shares during the last quarter. Finally, TAGStone Capital Inc. grew its position in PepsiCo by 2.8% in the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company’s stock valued at $388,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on PEP shares. UBS Group dropped their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. TD Cowen reduced their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Jefferies Financial Group downgraded PepsiCo from a “buy” rating to a “hold” rating and cut their price target for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. Finally, Morgan Stanley decreased their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $169.88.

PepsiCo Stock Performance

Shares of PEP opened at $145.59 on Thursday. The stock has a market capitalization of $199.65 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. The business’s fifty day moving average price is $148.47 and its 200 day moving average price is $156.13. PepsiCo, Inc. has a 12-month low of $138.33 and a 12-month high of $183.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same quarter last year, the business earned $1.78 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.72%. PepsiCo’s payout ratio is currently 77.99%.

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.