Thomaspartners Inc. Sells 660 Shares of Pepsico, Inc. (PEP)

Thomaspartners Inc. reduced its stake in shares of Pepsico, Inc. (NYSE:PEP) by 2.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 31,083 shares of the company’s stock after selling 660 shares during the period. Thomaspartners Inc.’s holdings in Pepsico were worth $3,381,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PEP. Bath Savings Trust Co boosted its position in shares of Pepsico by 0.9% in the second quarter. Bath Savings Trust Co now owns 29,547 shares of the company’s stock valued at $3,130,000 after buying an additional 268 shares during the last quarter. Bremer Trust National Association boosted its position in Pepsico by 0.6% in the second quarter. Bremer Trust National Association now owns 8,108 shares of the company’s stock valued at $859,000 after buying an additional 50 shares in the last quarter. Oakworth Capital Inc. boosted its position in Pepsico by 4.1% in the second quarter. Oakworth Capital Inc. now owns 9,591 shares of the company’s stock valued at $970,000 after buying an additional 379 shares in the last quarter. TIAA CREF Trust Co. FSB MO boosted its position in Pepsico by 1.8% in the second quarter. TIAA CREF Trust Co. FSB MO now owns 321,078 shares of the company’s stock valued at $34,015,000 after buying an additional 5,755 shares in the last quarter. Finally, Jolley Asset Management LLC boosted its position in Pepsico by 4.5% in the second quarter. Jolley Asset Management LLC now owns 6,415 shares of the company’s stock valued at $680,000 after buying an additional 274 shares in the last quarter. 70.27% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

Pepsico, Inc. (NYSE:PEP) traded up 0.12% during mid-day trading on Friday, hitting $106.10. 2,475,506 shares of the stock were exchanged. Pepsico, Inc. has a 52 week low of $97.54 and a 52 week high of $110.94. The company has a 50-day moving average of $104.03 and a 200-day moving average of $105.51. The stock has a market capitalization of $152.17 billion, a PE ratio of 23.28 and a beta of 0.53.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 3rd will be given a $0.7525 dividend. The ex-dividend date is Wednesday, March 1st. This represents a $3.01 annualized dividend and a yield of 2.84%. Pepsico’s payout ratio is presently 66.01%.

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PEP has been the topic of several recent analyst reports. Societe Generale raised shares of Pepsico from a “hold” rating to a “buy” rating in a research report on Monday, December 12th. Zacks Investment Research raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Tuesday, November 29th. Barclays PLC initiated coverage on shares of Pepsico in a research report on Monday, January 9th. They set an “equal weight” rating and a $102.00 target price on the stock. Vetr cut shares of Pepsico from a “buy” rating to a “hold” rating and set a $109.00 target price on the stock. in a research report on Wednesday, January 4th. Finally, Susquehanna Bancshares Inc reissued a “hold” rating and set a $120.00 target price on shares of Pepsico in a research report on Monday, January 9th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $113.43.

About Pepsico

PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.

5 Day Chart for NYSE:PEP

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