TIAA Trust National Association Sells 7,760 Shares of PepsiCo, Inc. (NASDAQ:PEP)

TIAA Trust National Association decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 168,180 shares of the company’s stock after selling 7,760 shares during the quarter. TIAA Trust National Association’s holdings in PepsiCo were worth $25,573,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Collier Financial acquired a new stake in PepsiCo during the fourth quarter worth about $28,000. Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo during the 3rd quarter worth approximately $31,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $30,000. Bay Harbor Wealth Management LLC acquired a new position in shares of PepsiCo in the fourth quarter valued at $34,000. Finally, Human Investing LLC bought a new position in PepsiCo in the fourth quarter worth $39,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.6 %

Shares of NASDAQ PEP opened at $145.54 on Wednesday. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The firm’s 50-day moving average is $149.09 and its 200-day moving average is $158.50. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $199.61 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52.

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

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

Analyst Ratings Changes

A number of research analysts have commented on PEP shares. Citigroup cut their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. CICC Research restated a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, HSBC reduced their price target on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and a consensus price target of $169.88.

About PepsiCo

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.