PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Anchor Investment Management LLC

Anchor Investment Management LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 16.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,143 shares of the company's stock after selling 3,844 shares during the period. Anchor Investment Management LLC's holdings in PepsiCo were worth $3,063,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PEP. M Holdings Securities Inc. acquired a new stake in shares of PepsiCo in the fourth quarter valued at $2,111,000. Lafayette Investments Inc. raised its position in PepsiCo by 9.7% during the 4th quarter. Lafayette Investments Inc. now owns 44,167 shares of the company's stock worth $6,716,000 after buying an additional 3,892 shares during the last quarter. Rossby Financial LCC acquired a new position in shares of PepsiCo during the fourth quarter worth about $211,000. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of PepsiCo in the fourth quarter valued at approximately $10,402,000. Finally, Dagco Inc. grew its stake in shares of PepsiCo by 9.3% during the 4th quarter. Dagco Inc. now owns 9,510 shares of the company's stock worth $1,446,000 after purchasing an additional 807 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Up 2.0 %

NASDAQ:PEP traded up $2.75 during trading hours on Friday, reaching $142.84. 6,052,161 shares of the company were exchanged, compared to its average volume of 6,110,283. The firm has a market cap of $195.88 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 3.09 and a beta of 0.49. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a 50 day simple moving average of $148.16 and a 200 day simple moving average of $154.94. PepsiCo, Inc. has a 52-week low of $138.33 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion during 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 firm's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.78 earnings per share. As a group, analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.79%. PepsiCo's dividend payout ratio is currently 77.99%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Barclays cut PepsiCo from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $168.00 to $156.00 in a report on Tuesday, March 18th. Evercore ISI cut their price target on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. UBS Group cut their target price on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. TD Cowen cut their price objective on PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Finally, Bank of America reiterated a "neutral" rating and set a $155.00 target price (down previously from $185.00) on shares of PepsiCo in a report on Tuesday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $168.12.

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.