Sabal Trust CO cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 242,570 shares of the company’s stock after selling 9,588 shares during the quarter. PepsiCo comprises about 2.7% of Sabal Trust CO’s investment portfolio, making the stock its 10th biggest holding. Sabal Trust CO’s holdings in PepsiCo were worth $26,799,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PEP. Allied Investment Advisors LLC raised its holdings in PepsiCo by 7.1% during the 4th quarter. Allied Investment Advisors LLC now owns 30,678 shares of the company’s stock worth $3,389,000 after buying an additional 2,045 shares during the period. Capital Asset Advisory Services LLC raised its holdings in PepsiCo by 9.8% during the 4th quarter. Capital Asset Advisory Services LLC now owns 4,478 shares of the company’s stock worth $495,000 after buying an additional 400 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in PepsiCo by 1.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 29,685 shares of the company’s stock worth $3,280,000 after buying an additional 413 shares during the period. Allred Capital Management LLC acquired a new stake in PepsiCo during the 4th quarter worth about $1,699,000. Finally, Private Ocean LLC raised its holdings in PepsiCo by 27.9% during the 4th quarter. Private Ocean LLC now owns 1,067 shares of the company’s stock worth $118,000 after buying an additional 233 shares during the period. Hedge funds and other institutional investors own 72.30% of the company’s stock.

Several analysts have issued reports on PEP shares. Zacks Investment Research restated a “sell” rating on shares of PepsiCo in a report on Monday, December 31st. ValuEngine downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. BidaskClub downgraded PepsiCo from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 9th. Barclays reaffirmed a “hold” rating and set a $111.00 target price (up previously from $104.00) on shares of PepsiCo in a research note on Monday, February 18th. Finally, Jefferies Financial Group lifted their target price on PepsiCo to $119.00 and gave the company a “hold” rating in a research note on Tuesday, February 19th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $123.00.

In related news, CEO Vivek Sankaran sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $117.28, for a total value of $1,524,640.00. Following the completion of the sale, the chief executive officer now owns 90,379 shares of the company’s stock, valued at approximately $10,599,649.12. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.28% of the company’s stock.

NASDAQ:PEP opened at $127.09 on Friday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.85 and a current ratio of 0.94. PepsiCo, Inc. has a fifty-two week low of $95.94 and a fifty-two week high of $128.26. The stock has a market cap of $178.16 billion, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 3.12 and a beta of 0.65.

PepsiCo (NASDAQ:PEP) last released its earnings results on Wednesday, April 17th. The company reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.05. PepsiCo had a return on equity of 65.12% and a net margin of 19.37%. The company had revenue of $12.88 billion for the quarter, compared to analysts’ expectations of $12.68 billion. During the same quarter in the previous year, the business posted $0.96 EPS. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, equities analysts forecast that PepsiCo, Inc. will post 5.51 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were paid a $0.9275 dividend. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $3.71 annualized dividend and a dividend yield of 2.92%. PepsiCo’s payout ratio is 65.55%.

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PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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