Peregrine Asset Advisers Inc. Sells 5,438 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Peregrine Asset Advisers Inc. lowered its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 49.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,668 shares of the company's stock after selling 5,438 shares during the period. Peregrine Asset Advisers Inc.'s holdings in PepsiCo were worth $862,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. AMF Tjanstepension AB boosted its holdings in PepsiCo by 15.8% in the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company's stock worth $50,016,000 after acquiring an additional 40,031 shares in the last quarter. Swedbank AB raised its position in shares of PepsiCo by 211.4% in the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company's stock valued at $398,847,000 after purchasing an additional 1,592,343 shares during the last quarter. Howard Capital Management Group LLC grew its position in PepsiCo by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company's stock worth $777,000 after purchasing an additional 90 shares during the last quarter. McAdam LLC increased its stake in PepsiCo by 21.0% during the 3rd quarter. McAdam LLC now owns 2,061 shares of the company's stock valued at $351,000 after purchasing an additional 357 shares in the last quarter. Finally, Bogart Wealth LLC raised its holdings in shares of PepsiCo by 10.4% in the third quarter. Bogart Wealth LLC now owns 65,120 shares of the company's stock worth $11,074,000 after buying an additional 6,111 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PEP. StockNews.com downgraded PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Royal Bank of Canada began coverage on PepsiCo in a report on Tuesday, February 4th. They issued a $172.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a report on Friday, January 24th. BNP Paribas reduced their price target on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Finally, UBS Group dropped their price objective on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, PepsiCo has an average rating of "Hold" and an average target price of $171.47.

PepsiCo Price Performance

NASDAQ:PEP opened at $153.50 on Friday. The stock has a market capitalization of $210.53 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. 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 price is $148.75 and its 200-day moving average price is $162.39.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $27.89 billion. During the same period in the previous year, the business earned $1.78 earnings per share. The business's revenue was down .2% compared to the same quarter last year. As a group, equities analysts expect that PepsiCo, Inc. will post 8.31 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo's payout ratio is 77.99%.

PepsiCo Company 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.

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