PepsiCo, Inc. (PEP) Position Reduced by Villere ST Denis J & Co. LLC

Villere ST Denis J & Co. LLC cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.8% in the fourth quarter, HoldingsChannel reports. The firm owned 93,420 shares of the company’s stock after selling 1,741 shares during the period. PepsiCo comprises 0.7% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 27th largest position. Villere ST Denis J & Co. LLC’s holdings in PepsiCo were worth $11,203,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Founders Financial Securities LLC purchased a new position in PepsiCo during the 4th quarter worth approximately $684,000. Hays Advisory LLC raised its position in PepsiCo by 23.9% during the 4th quarter. Hays Advisory LLC now owns 3,153 shares of the company’s stock worth $378,000 after buying an additional 608 shares during the last quarter. Bank of Stockton raised its position in PepsiCo by 19.1% during the 4th quarter. Bank of Stockton now owns 8,726 shares of the company’s stock worth $1,046,000 after buying an additional 1,400 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in PepsiCo by 16.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,989,202 shares of the company’s stock worth $238,634,000 after buying an additional 284,979 shares during the last quarter. Finally, Courier Capital LLC raised its position in PepsiCo by 0.6% during the 4th quarter. Courier Capital LLC now owns 72,638 shares of the company’s stock worth $8,711,000 after buying an additional 430 shares during the last quarter. Institutional investors own 70.79% of the company’s stock.

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PepsiCo stock opened at $106.15 on Friday. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.37 and a current ratio of 1.51. The firm has a market cap of $150,674.08, a P/E ratio of 20.30, a PEG ratio of 2.51 and a beta of 0.69. PepsiCo, Inc. has a 1-year low of $105.94 and a 1-year high of $122.51.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 13th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.01. The firm had revenue of $19.53 billion during the quarter, compared to analyst estimates of $19.40 billion. PepsiCo had a net margin of 7.65% and a return on equity of 61.14%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 EPS. sell-side analysts anticipate that PepsiCo, Inc. will post 5.7 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 2nd will be issued a dividend of $0.805 per share. This represents a $3.22 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Thursday, March 1st. PepsiCo’s dividend payout ratio (DPR) is 95.55%.

PepsiCo declared that its board has authorized a stock repurchase plan on Tuesday, February 13th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

A number of equities analysts have issued reports on the stock. TheStreet lowered shares of PepsiCo from a “b-” rating to a “c+” rating in a research report on Thursday, March 1st. SunTrust Banks reduced their price target on shares of PepsiCo from $125.00 to $115.00 and set a “hold” rating for the company in a research report on Wednesday, February 14th. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $127.00 to $124.00 and set an “overweight” rating for the company in a research report on Wednesday, February 14th. Jefferies Group reissued a “hold” rating and set a $113.00 price target on shares of PepsiCo in a research report on Tuesday, February 13th. Finally, Susquehanna Bancshares raised their price target on shares of PepsiCo from $137.00 to $140.00 and gave the stock a “positive” rating in a research report on Monday, February 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $123.04.

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About PepsiCo

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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