Ieq Capital LLC Trims Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Ieq Capital LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,005 shares of the company's stock after selling 9,714 shares during the period. Ieq Capital LLC's holdings in PepsiCo were worth $15,815,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Emerald Advisors LLC lifted its holdings in shares of PepsiCo by 5.0% in the fourth quarter. Emerald Advisors LLC now owns 6,810 shares of the company's stock valued at $1,036,000 after purchasing an additional 326 shares in the last quarter. Sterling Financial Planning Inc. lifted its stake in PepsiCo by 18.5% during the 4th quarter. Sterling Financial Planning Inc. now owns 3,181 shares of the company's stock valued at $484,000 after acquiring an additional 496 shares in the last quarter. Keene & Associates Inc. boosted its holdings in PepsiCo by 4.1% during the fourth quarter. Keene & Associates Inc. now owns 19,877 shares of the company's stock worth $3,023,000 after purchasing an additional 780 shares during the last quarter. Financial Perspectives Inc grew its holdings in shares of PepsiCo by 7.8% in the fourth quarter. Financial Perspectives Inc now owns 1,399 shares of the company's stock valued at $213,000 after acquiring an additional 101 shares in the last quarter. Finally, Alberta Investment Management Corp grew its position in PepsiCo by 605.9% during the fourth quarter. Alberta Investment Management Corp now owns 130,594 shares of the company's stock valued at $19,858,000 after buying an additional 112,094 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of PepsiCo stock traded up $4.13 during trading on Friday, hitting $153.23. 6,511,954 shares of the stock traded hands, compared to its average volume of 6,858,976. The stock has a market cap of $210.16 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 3.02 and a beta of 0.54. 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, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The firm's fifty day moving average is $148.75 and its 200-day moving average is $162.39.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to analysts' expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business's quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the business earned $1.78 earnings per share. Research analysts expect that PepsiCo, Inc. will post 8.31 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo's dividend payout ratio is presently 77.99%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. HSBC cut their price objective on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. UBS Group dropped their price objective on PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Evercore ISI reduced their target price on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Finally, Wells Fargo & Company cut their price objective on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $171.47.

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.