Mitchell Sinkler & Starr PA Sells 4,430 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Mitchell Sinkler & Starr PA lessened its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,872 shares of the company's stock after selling 4,430 shares during the period. PepsiCo makes up about 1.9% of Mitchell Sinkler & Starr PA's holdings, making the stock its 18th biggest holding. Mitchell Sinkler & Starr PA's holdings in PepsiCo were worth $7,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Collier Financial purchased a new position in shares of PepsiCo during the 4th quarter valued at about $28,000. WealthTrak Capital Management LLC bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo in the 4th quarter valued at $30,000. Legacy Investment Solutions LLC bought a new stake in PepsiCo in the third quarter worth $31,000. Finally, Bay Harbor Wealth Management LLC bought a new position in shares of PepsiCo during the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

PEP stock traded down $0.72 on Tuesday, hitting $149.22. The company had a trading volume of 2,080,912 shares, compared to its average volume of 5,877,495. The stock has a market cap of $204.65 billion, a price-to-earnings ratio of 21.50, a P/E/G ratio of 3.09 and a beta of 0.52. 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 stock's 50-day simple moving average is $149.28 and its 200 day simple moving average is $157.72. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41.

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PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm's revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.78 earnings per share. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's payout ratio is 77.99%.

Analysts Set New Price Targets

Several research firms recently issued reports on PEP. Barclays lowered PepsiCo from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $168.00 to $156.00 in a research report on Tuesday, March 18th. Piper Sandler assumed coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price target for the company. Wells Fargo & Company dropped their target price 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. TD Cowen decreased their price target on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Finally, StockNews.com cut PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $169.88.

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.