Hussman Strategic Advisors Inc. Sells 2,100 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Hussman Strategic Advisors Inc. lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,800 shares of the company's stock after selling 2,100 shares during the period. Hussman Strategic Advisors Inc.'s holdings in PepsiCo were worth $2,555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of PEP. Highline Wealth Partners LLC bought a new stake in PepsiCo in the 3rd quarter valued at $28,000. Collier Financial acquired a new stake in shares of PepsiCo in the 4th quarter valued at approximately $28,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at about $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo in the third quarter valued at approximately $31,000. Finally, Rakuten Securities Inc. increased its holdings in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company's stock valued at $34,000 after purchasing an additional 96 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on PEP shares. Citigroup decreased their target price on PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. CICC Research reiterated a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. HSBC lowered their target price on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. JPMorgan Chase & Co. cut their price objective on PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Finally, Barclays reduced their target price on shares of PepsiCo from $158.00 to $153.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and a consensus price target of $171.47.

PepsiCo Stock Up 3.0 %

PEP stock traded up $4.40 during trading on Friday, reaching $153.50. 10,394,564 shares of the stock were exchanged, compared to its average volume of 6,883,604. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The firm's 50 day moving average is $148.75 and its 200 day moving average is $162.39. 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 cap of $210.53 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the prior year, the business posted $1.78 earnings per share. The company's quarterly revenue was down .2% compared to the same quarter last year. As a group, research analysts forecast that PepsiCo, Inc. will post 8.31 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.53%. 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.