IHT Wealth Management LLC Has $3.92 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

IHT Wealth Management LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 20.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 25,751 shares of the company's stock after selling 6,516 shares during the period. IHT Wealth Management LLC's holdings in PepsiCo were worth $3,916,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in PepsiCo in the fourth quarter worth approximately $2,729,565,000. Raymond James Financial Inc. purchased a new stake in PepsiCo during the fourth quarter valued at approximately $589,307,000. Charles Schwab Investment Management Inc. grew its stake in PepsiCo by 18.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock worth $3,834,504,000 after buying an additional 3,856,193 shares during the last quarter. Franklin Resources Inc. raised its position in shares of PepsiCo by 21.1% in the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock valued at $2,293,049,000 after purchasing an additional 2,264,445 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of PepsiCo by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after buying an additional 1,376,133 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. HSBC reduced their price target on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. Morgan Stanley reduced their price objective on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday. CICC Research reissued a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and cut their price target for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Finally, BNP Paribas decreased their price objective on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $162.00.

PepsiCo Stock Down 1.4 %

Shares of PEP stock traded down $1.93 during trading on Friday, hitting $133.38. 11,536,467 shares of the company were exchanged, compared to its average volume of 6,151,056. PepsiCo, Inc. has a twelve month low of $131.83 and a twelve month high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm has a market capitalization of $182.91 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 3.09 and a beta of 0.49. The business's 50-day simple moving average is $147.91 and its 200 day simple moving average is $154.18.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.52 by ($0.04). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. As a group, analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's payout ratio is 77.99%.

PepsiCo 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.