Bryn Mawr Capital Management LLC Sells 37,403 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Bryn Mawr Capital Management LLC reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 56.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,979 shares of the company's stock after selling 37,403 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in PepsiCo were worth $4,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Highline Wealth Partners LLC bought a new position in shares of PepsiCo in the third quarter worth about $28,000. Collier Financial bought a new position in shares of PepsiCo in the fourth quarter worth about $28,000. Legacy Investment Solutions LLC bought a new position in shares of PepsiCo in the third quarter worth about $31,000. Rakuten Securities Inc. raised its stake in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company's stock worth $34,000 after buying an additional 96 shares during the period. Finally, Creative Capital Management Investments LLC bought a new position in shares of PepsiCo in the fourth quarter worth about $30,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Up 2.8 %

Shares of NASDAQ:PEP traded up $4.13 during trading on Friday, hitting $153.23. The company had a trading volume of 6,511,954 shares, 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 price-to-earnings-growth ratio of 3.02 and a beta of 0.54. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a fifty day simple moving average of $148.75 and a two-hundred day simple moving average of $162.39. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

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, beating the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company's revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the company earned $1.78 EPS. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.31 earnings per share for the current year.

PepsiCo Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently commented on PEP shares. Wells Fargo & Company decreased their price objective on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley cut their target price on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company 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. Royal Bank of Canada initiated coverage on PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 target price for the company. Finally, HSBC cut their target price on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently 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.