Massmutual Trust Co. FSB ADV Has $37 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Massmutual Trust Co. FSB ADV lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.2% in the third quarter, HoldingsChannel reports. The fund owned 217,608 shares of the company’s stock after selling 438 shares during the quarter. PepsiCo makes up approximately 1.1% of Massmutual Trust Co. FSB ADV’s holdings, making the stock its 22nd largest holding. Massmutual Trust Co. FSB ADV’s holdings in PepsiCo were worth $37,004,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PEP. Flossbach Von Storch AG boosted its position in shares of PepsiCo by 67.2% during the first quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the company’s stock valued at $798,047,000 after buying an additional 1,832,385 shares during the last quarter. PineStone Asset Management Inc. boosted its position in shares of PepsiCo by 125.2% during the second quarter. PineStone Asset Management Inc. now owns 2,740,573 shares of the company’s stock valued at $452,003,000 after buying an additional 1,523,631 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of PepsiCo by 429.3% during the first quarter. Van ECK Associates Corp now owns 1,454,793 shares of the company’s stock valued at $254,603,000 after buying an additional 1,179,922 shares during the last quarter. Confluence Investment Management LLC purchased a new position in shares of PepsiCo during the first quarter valued at approximately $166,243,000. Finally, Legal & General Group Plc boosted its position in shares of PepsiCo by 7.2% during the second quarter. Legal & General Group Plc now owns 13,547,547 shares of the company’s stock valued at $2,234,400,000 after buying an additional 905,468 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $169.55 on Thursday. The stock has a market cap of $232.89 billion, a PE ratio of 24.61, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $183.41. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.64 and a current ratio of 0.83. The stock has a fifty day moving average of $173.95 and a 200-day moving average of $172.15.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.12. The company had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $22.59 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.09 earnings per share. Equities research analysts anticipate that PepsiCo, Inc. will post 8.14 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Friday, September 6th. PepsiCo’s payout ratio is 78.66%.

Analyst Ratings Changes

Several brokerages recently issued reports on PEP. Royal Bank of Canada cut their target price on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Barclays lifted their price target on PepsiCo from $179.00 to $187.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. BNP Paribas initiated coverage on PepsiCo in a report on Monday, June 24th. They set a “neutral” rating and a $174.00 price target on the stock. TD Cowen dropped their price target on PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Finally, StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $185.40.

PepsiCo Profile

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.