Fishman Jay A Ltd. MI Has $277,000 Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Fishman Jay A Ltd. MI cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 35.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,850 shares of the company’s stock after selling 1,000 shares during the period. Fishman Jay A Ltd. MI’s holdings in PepsiCo were worth $277,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its position in PepsiCo by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company’s stock worth $20,280,471,000 after acquiring an additional 1,376,133 shares during the last quarter. Geode Capital Management LLC grew its position in PepsiCo by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company’s stock worth $4,717,069,000 after acquiring an additional 582,254 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in PepsiCo by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock valued at $3,834,504,000 after buying an additional 3,856,193 shares during the last quarter. Norges Bank bought a new position in PepsiCo in the 4th quarter valued at $2,729,565,000. Finally, Northern Trust Corp boosted its position in PepsiCo by 8.7% in the 4th quarter. Northern Trust Corp now owns 16,403,395 shares of the company’s stock valued at $2,494,300,000 after buying an additional 1,306,818 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

PepsiCo stock opened at $129.07 on Friday. PepsiCo, Inc. has a 52 week low of $127.75 and a 52 week high of $180.91. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. The stock has a market capitalization of $176.97 billion, a P/E ratio of 18.98, a PEG ratio of 3.71 and a beta of 0.45. The stock has a 50-day simple moving average of $133.19 and a 200 day simple moving average of $144.06.

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

PepsiCo Increases Dividend

The firm also recently declared 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 represents a $5.69 dividend on an annualized basis and a dividend yield of 4.41%. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo’s payout ratio is presently 83.68%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of recent research reports. Bank of America decreased their price objective on PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. Dbs Bank lowered PepsiCo from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 9th. Evercore ISI set a $140.00 price target on PepsiCo in a research report on Thursday, April 24th. Barclays reduced their price target on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Finally, Citigroup reduced their price target on PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. One research 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. According to MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus target price of $160.69.

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.