<div id="readability-page-1"><p>Fundsmith LLP reduced its position in  PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,663,677 shares of the company's stock after selling 76,311 shares during the period. PepsiCo comprises approximately  3.7% of Fundsmith LLP's holdings, making the stock its 11th biggest holding. Fundsmith LLP owned 0.41% of PepsiCo worth $861,219,000 at the end of the most recent quarter.</p><ul><li>Institutions Skipped the Rally: Where the Money Went</li></ul><p>Other large investors also recently made changes to their positions in the company. Collier Financial purchased a new stake in  PepsiCo during the 4th quarter worth $28,000.  WealthTrak Capital Management LLC bought a new stake in shares of  PepsiCo in the 4th quarter worth approximately $28,000.  Creative Capital Management Investments LLC acquired a new position in  PepsiCo during the 4th quarter valued at approximately $30,000.  Prudent Man Investment Management Inc. acquired a new stake in  PepsiCo in the fourth quarter worth $30,000.  Finally, Summit Securities Group LLC bought a new stake in  PepsiCo in the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own  73.07% of the company's stock. </p><h2>PepsiCo Stock Down 0.4 %</h2><p>PEP stock opened at $131.43 on Friday. PepsiCo, Inc. has a 1-year low of $130.16 and a 1-year high of $183.41. The business's 50 day simple moving average is $144.20 and its 200 day simple moving average is $151.34. 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 $180.20 billion, a PE ratio of 18.91, a PEG ratio of 3.09 and a beta of 0.47. </p><ul><li>3 Quality Stocks You Can Buy At a Discount</li></ul><p>PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the previous year, the company earned $1.61 earnings per share. PepsiCo's revenue for the quarter was down 1.8% compared to the same quarter last year.  As a group, research analysts anticipate that  PepsiCo, Inc. will post 8.3 EPS for the current year. </p><h2>PepsiCo Increases Dividend</h2><p>The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.33%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's dividend payout ratio  is presently 83.68%. </p><h2>Wall Street Analyst Weigh In</h2><ul><li>Recession Prep: Consumer Staples are Back</li></ul><p>PEP has been the subject of several research analyst reports. CICC Research  reaffirmed a &#34;market perform&#34; rating on shares of PepsiCo in a report on Friday, February 7th. Wells Fargo &amp; Company decreased their price objective on PepsiCo from $155.00 to $150.00 and set an &#34;equal weight&#34; rating for the company in a research report on Wednesday, February 5th. Morgan Stanley reduced their price target on PepsiCo from $168.00 to $153.00 and set an &#34;equal weight&#34; rating for the company in a research report on Friday, April 25th. Evercore ISI  set a $140.00 price objective on shares of PepsiCo in a research report on Thursday, April 24th. Finally, BNP Paribas dropped their target price on PepsiCo from $162.00 to $160.00 and set a &#34;neutral&#34; rating for the company in a report on Tuesday, February 4th. One investment analyst  has rated the stock with a sell rating, fourteen have assigned  a hold rating and four have assigned  a buy rating to the company's stock. According to data from MarketBeat, PepsiCo  has an average rating of &#34;Hold&#34; and an average target price of $160.69.</p><p><b>Get Our Latest Research Report on PEP</b></p><h2>PepsiCo Company Profile</h2> (Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than PepsiCo</li><li>Best Aerospace Stocks Investing </li><li>Monolithic Power Systems: Will Strong Earnings Spark a Recovery?</li><li>What is Insider Trading? What You Can Learn from Insider Trading</li><li>Why Flutter Entertainment May Be a Resilient Sports Betting Stock</li><li>How to buy stock: A step-by-step guide for beginners </li><li>OXY Stock Rebound Begins Following Solid Earnings Beat</li></ul><p><strong>Want to see what other hedge funds are holding PEP?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UEVQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UEVQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in PepsiCo Right Now?</h2><p>Before you consider PepsiCo, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PepsiCo wasn't on the list.</p><p>While PepsiCo currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Fundsmith LLP reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.3% in Q4, now holding 5,663,677 shares after selling 76,311 shares. PepsiCo represents 3.7% of Fundsmith's portfolio. Other investors also acquired new stakes in PepsiCo during the same period. The stock opened at $131.43, down 0.4%, with a market cap of $180.20 billion. PepsiCo reported Q1 earnings of $1.48 per share, missing estimates, and announced a dividend increase to $1.4225 per share, payable on June 30. Analysts maintain a "Hold" rating with an average target price of $160.69.</p>

PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Fundsmith LLP