Donaldson Capital Management LLC Lowers Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Donaldson Capital Management LLC decreased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 175,011 shares of the company's stock after selling 10,032 shares during the quarter. Donaldson Capital Management LLC's holdings in PepsiCo were worth $26,612,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of PEP. Collier Financial bought a new position in shares of PepsiCo during the fourth quarter valued at approximately $28,000. Creative Capital Management Investments LLC purchased a new position in PepsiCo during the 4th quarter valued at $30,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the 3rd quarter valued at $31,000. Rakuten Securities Inc. lifted its position in shares of PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company's stock worth $34,000 after purchasing an additional 96 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC purchased a new stake in shares of PepsiCo during the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

PEP has been the subject of a number of research analyst reports. UBS Group decreased their price objective on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft lowered their price target on PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. Citigroup reduced their price objective on PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. Morgan Stanley dropped their price target on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Finally, HSBC decreased their price objective on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, PepsiCo has an average rating of "Hold" and an average target price of $170.59.

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PepsiCo Stock Performance

Shares of NASDAQ:PEP traded down $3.91 during trading on Wednesday, hitting $148.42. The stock had a trading volume of 5,219,120 shares, compared to its average volume of 5,475,598. The stock has a 50-day simple moving average of $148.90 and a two-hundred day simple moving average of $160.46. The stock has a market capitalization of $203.56 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the prior year, the firm earned $1.78 EPS. The business's revenue for the quarter was down .2% on a year-over-year basis. On average, equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.65%. PepsiCo's payout ratio is currently 77.99%.

About PepsiCo

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.