Saratoga Research & Investment Management trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 164,944 shares of the company's stock after selling 10,439 shares during the quarter. PepsiCo makes up 1.3% of Saratoga Research & Investment Management's portfolio, making the stock its 25th biggest holding. Saratoga Research & Investment Management's holdings in PepsiCo were worth $25,081,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in PEP. Collier Financial purchased a new position in PepsiCo during the fourth quarter worth $28,000. WealthTrak Capital Management LLC acquired a new position in PepsiCo in the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth about $30,000. Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo in the third quarter valued at approximately $31,000. Finally, Summit Securities Group LLC purchased a new stake in PepsiCo in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 73.07% of the company's stock.
PepsiCo Price Performance
NASDAQ:PEP traded up $3.69 during midday trading on Thursday, hitting $152.81. 3,461,721 shares of the stock were exchanged, compared to its average volume of 5,891,125. The business has a 50-day moving average price of $149.32 and a two-hundred day moving average price of $157.46. 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 company has a market capitalization of $209.58 billion, a price-to-earnings ratio of 21.99, a P/E/G ratio of 3.09 and a beta of 0.52. 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 announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the prior year, the firm posted $1.78 earnings per share. The company's revenue was down .2% on a year-over-year basis. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.
PepsiCo Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors 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 3.55%. The ex-dividend date was Friday, March 7th. PepsiCo's dividend payout ratio is presently 77.99%.
Analyst Ratings Changes
Several equities research analysts have issued reports on PEP shares. HSBC decreased their price objective on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. UBS Group decreased their target price on PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Barclays cut PepsiCo from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $168.00 to $156.00 in a report on Tuesday, March 18th. Wells Fargo & Company lowered their price target on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Finally, Morgan Stanley lowered their target price on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, PepsiCo presently has an average rating of "Hold" and an average target price of $169.88.
View Our Latest Research Report on PepsiCo
About PepsiCo
(
Free Report)
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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