TCV Trust & Wealth Management Inc. Trims Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

TCV Trust & Wealth Management Inc. decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.2% in the fourth quarter, HoldingsChannel reports. The firm owned 84,437 shares of the company’s stock after selling 128 shares during the quarter. TCV Trust & Wealth Management Inc.’s holdings in PepsiCo were worth $12,839,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in PEP. AMF Tjanstepension AB boosted its stake in shares of PepsiCo by 15.8% in the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock worth $50,016,000 after buying an additional 40,031 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in PepsiCo by 49.7% in the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,976 shares of the company’s stock valued at $336,000 after acquiring an additional 656 shares during the period. ORG Wealth Partners LLC purchased a new stake in shares of PepsiCo during the third quarter worth about $44,000. CX Institutional increased its stake in PepsiCo by 204.1% during the 3rd quarter. CX Institutional now owns 41,184 shares of the company’s stock worth $7,003,000 after buying an additional 27,643 shares in the last quarter. Finally, Wesbanco Bank Inc. increased its position in shares of PepsiCo by 1.2% during the third quarter. Wesbanco Bank Inc. now owns 152,685 shares of the company’s stock worth $25,964,000 after purchasing an additional 1,877 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

NASDAQ PEP opened at $145.64 on Wednesday. The firm has a market cap of $199.75 billion, a P/E ratio of 20.96, a P/E/G ratio of 2.89 and a beta of 0.54. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The business’s 50-day moving average price is $151.05 and its 200 day moving average price is $163.87. The company has a quick ratio of 0.70, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company’s revenue was down .2% on a year-over-year basis. During the same period last year, the business posted $1.78 EPS. On average, equities research analysts expect that PepsiCo, Inc. will post 8.34 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.72%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Analyst Upgrades and Downgrades

A number of analysts have commented on PEP shares. Wells Fargo & Company cut their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. HSBC reduced their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. CICC Research restated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $171.47.

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.