Financial Counselors Inc. Sells 11,811 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Financial Counselors Inc. lowered its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 352,862 shares of the company's stock after selling 11,811 shares during the quarter. Financial Counselors Inc.'s holdings in PepsiCo were worth $53,656,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tcfg Wealth Management LLC lifted its stake in PepsiCo by 3.5% in the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock worth $295,000 after acquiring an additional 66 shares during the period. Lincoln Capital LLC raised its holdings in PepsiCo by 0.4% in the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock worth $2,556,000 after purchasing an additional 70 shares in the last quarter. Marshall Financial Group LLC boosted its stake in shares of PepsiCo by 2.3% during the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock valued at $476,000 after purchasing an additional 70 shares in the last quarter. Osprey Private Wealth LLC increased its position in shares of PepsiCo by 0.5% during the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock valued at $2,290,000 after buying an additional 70 shares during the period. Finally, TAGStone Capital Inc. lifted its holdings in PepsiCo by 2.8% in the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock worth $388,000 after buying an additional 70 shares during the period. Institutional investors own 73.07% of the company's stock.

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Analyst Upgrades and Downgrades

PEP has been the subject of several research reports. Royal Bank of Canada initiated coverage on PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 target price for the company. Evercore ISI lowered their price objective on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. TD Cowen reduced their target price on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their price objective on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Finally, Morgan Stanley lowered their target price on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, PepsiCo has an average rating of "Hold" and an average target price of $169.88.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded down $0.40 during trading on Friday, reaching $149.27. 8,549,260 shares of the company traded hands, compared to its average volume of 5,875,691. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The firm has a 50 day simple moving average of $149.25 and a 200-day simple moving average of $158.03. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The stock has a market capitalization of $204.72 billion, a PE ratio of 21.48, a P/E/G ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm's revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.78 EPS. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared 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 3.63%. PepsiCo's dividend payout ratio is currently 77.99%.

PepsiCo Company 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.