Lindbrook Capital LLC Sells 6,530 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Lindbrook Capital LLC lowered its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 24.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,301 shares of the company's stock after selling 6,530 shares during the period. Lindbrook Capital LLC's holdings in PepsiCo were worth $3,087,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. State Street Corp lifted its stake in PepsiCo by 5.1% in the 3rd quarter. State Street Corp now owns 57,268,030 shares of the company's stock worth $9,738,429,000 after purchasing an additional 2,775,679 shares in the last quarter. Geode Capital Management LLC lifted its stake in PepsiCo by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 30,497,268 shares of the company's stock worth $5,170,529,000 after purchasing an additional 543,558 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of PepsiCo by 18.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after buying an additional 3,856,193 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of PepsiCo by 5.2% during the 4th quarter. Bank of New York Mellon Corp now owns 14,013,158 shares of the company's stock valued at $2,130,841,000 after buying an additional 689,383 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of PepsiCo by 21.1% during the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock valued at $2,293,049,000 after buying an additional 2,264,445 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of PEP stock opened at $153.88 on Thursday. 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 company has a market capitalization of $211.05 billion, a P/E ratio of 22.14, a P/E/G ratio of 3.09 and a beta of 0.52. The company's 50-day simple moving average is $148.73 and its two-hundred day simple moving average is $161.14. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued 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. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the prior year, the firm earned $1.78 EPS. The company's revenue for the quarter was down .2% compared to the same quarter last year. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.52%. PepsiCo's dividend payout ratio is presently 77.99%.

Analyst Upgrades and Downgrades

PEP has been the topic of several recent research reports. Citigroup decreased their target price on shares of PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Barclays decreased their target price on shares of PepsiCo from $158.00 to $153.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. CICC Research restated a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. TD Cowen decreased 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. Finally, Morgan Stanley cut their price target on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a 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. Based on data from MarketBeat, the stock currently has an average 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.

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