Troy Asset Management Ltd Has $45.76 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Troy Asset Management Ltd lessened its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 25.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 300,959 shares of the company's stock after selling 102,212 shares during the quarter. PepsiCo comprises 1.5% of Troy Asset Management Ltd's investment portfolio, making the stock its 18th biggest position. Troy Asset Management Ltd's holdings in PepsiCo were worth $45,764,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Collier Financial bought a new stake in shares of PepsiCo during the 4th quarter worth $28,000. Legacy Investment Solutions LLC acquired a new position in PepsiCo during the third quarter worth about $31,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo in the fourth quarter worth about $30,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at approximately $34,000. Finally, Human Investing LLC acquired a new position in PepsiCo during the 4th quarter worth approximately $39,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Trading Down 0.2 %

PEP traded down $0.29 during trading on Tuesday, reaching $149.65. 1,898,848 shares of the stock traded hands, compared to its average volume of 5,876,641. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The stock's 50-day moving average is $149.28 and its 200 day moving average is $157.72. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The stock has a market capitalization of $205.24 billion, a PE ratio of 21.54, a P/E/G ratio of 3.09 and a beta of 0.52.

Remove Ads

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion for 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 firm's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.78 EPS. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.62%. PepsiCo's dividend payout ratio is currently 77.99%.

Analyst Ratings Changes

A number of analysts have weighed in on PEP shares. StockNews.com lowered shares of PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. cut their price objective on PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered their target price on PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. TD Cowen reduced their price target on PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Finally, Jefferies Financial Group lowered shares of PepsiCo from a "buy" rating to a "hold" rating and dropped their price objective for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $169.88.

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.