HighPoint Advisor Group LLC Lowers Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

HighPoint Advisor Group LLC trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 49,565 shares of the company's stock after selling 3,732 shares during the quarter. HighPoint Advisor Group LLC's holdings in PepsiCo were worth $7,235,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PEP. Franklin Resources Inc. increased its holdings in shares of PepsiCo by 5.6% during the 4th quarter. Franklin Resources Inc. now owns 13,748,403 shares of the company's stock valued at $2,090,582,000 after purchasing an additional 727,087 shares in the last quarter. Family Legacy Inc. grew its position in PepsiCo by 1.2% during the fourth quarter. Family Legacy Inc. now owns 15,526 shares of the company's stock valued at $2,275,000 after buying an additional 190 shares during the period. B. Metzler seel. Sohn & Co. AG increased its holdings in PepsiCo by 1.4% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 605,412 shares of the company's stock valued at $92,001,000 after buying an additional 8,354 shares in the last quarter. Boston Research & Management Inc. raised its position in shares of PepsiCo by 2.1% in the fourth quarter. Boston Research & Management Inc. now owns 34,918 shares of the company's stock worth $5,309,000 after acquiring an additional 710 shares during the period. Finally, Summit Financial LLC boosted its stake in shares of PepsiCo by 41.5% during the 4th quarter. Summit Financial LLC now owns 26,110 shares of the company's stock worth $3,997,000 after acquiring an additional 7,660 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of equities analysts recently weighed in on PEP shares. Wells Fargo & Company reduced their price target on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft reduced their target price on PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. BNP Paribas dropped their price target on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Royal Bank of Canada assumed coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price objective for the company. Finally, TD Cowen dropped 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. One 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. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $169.88.

PepsiCo Trading Down 0.2 %

Shares of PEP traded down $0.27 during mid-day trading on Tuesday, reaching $149.67. The stock had a trading volume of 6,071,734 shares, compared to its average volume of 5,897,074. 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 business's fifty day moving average is $149.28 and its 200 day moving average is $157.72. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The firm has a market cap of $205.27 billion, a price-to-earnings ratio of 21.54, a P/E/G ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter last year, the firm earned $1.78 EPS. The business's revenue was down .2% compared to the same quarter last year. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.62%. 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.