PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Resurgent Financial Advisors LLC

Resurgent Financial Advisors LLC decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 51.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,708 shares of the company's stock after selling 2,813 shares during the quarter. Resurgent Financial Advisors LLC's holdings in PepsiCo were worth $412,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of PepsiCo in the 4th quarter valued at $2,729,565,000. Raymond James Financial Inc. bought a new stake in PepsiCo during the fourth quarter valued at about $589,307,000. Charles Schwab Investment Management Inc. grew its stake in PepsiCo by 18.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after purchasing an additional 3,856,193 shares during the last quarter. Franklin Resources Inc. raised its holdings in PepsiCo by 21.1% in the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock worth $2,293,049,000 after purchasing an additional 2,264,445 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of PepsiCo by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after buying an additional 1,376,133 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wells Fargo & Company decreased their price objective on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. 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. Citigroup reduced their target price on shares of PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Jefferies Financial Group lowered shares of PepsiCo from a "buy" rating to a "hold" rating and lowered their price target for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. Finally, BNP Paribas reduced their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, PepsiCo presently has an average rating of "Hold" and an average target price of $168.12.

PepsiCo Trading Up 2.0 %

PepsiCo stock traded up $2.75 during trading on Friday, hitting $142.84. The company had a trading volume of 6,052,161 shares, compared to its average volume of 6,108,149. PepsiCo, Inc. has a 1-year low of $138.33 and a 1-year high of $183.41. 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's 50 day simple moving average is $148.22 and its 200-day simple moving average is $155.14. The stock has a market cap of $195.88 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion for the quarter, compared to analysts' expectations of $27.89 billion. During the same quarter in the prior year, the company earned $1.78 earnings per share. The business's quarterly revenue was down .2% on a year-over-year basis. As a group, analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.79%. PepsiCo's dividend payout ratio (DPR) is 77.99%.

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.