PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Scotia Capital Inc.

Scotia Capital Inc. lessened its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 14.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 698,733 shares of the company's stock after selling 117,081 shares during the quarter. Scotia Capital Inc. owned about 0.05% of PepsiCo worth $106,252,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $28,000. Collier Financial purchased a new stake in PepsiCo in the fourth quarter valued at $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo during the 4th quarter worth $30,000. Prudent Man Investment Management Inc. purchased a new stake in PepsiCo in the 4th quarter valued at about $30,000. Finally, Summit Securities Group LLC acquired a new position in shares of PepsiCo in the 4th quarter worth approximately $33,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of PEP traded up $0.75 on Monday, reaching $145.18. The stock had a trading volume of 1,840,599 shares, compared to its average volume of 6,071,784. The firm has a 50-day moving average of $148.37 and a 200 day moving average of $155.68. The firm has a market capitalization of $199.09 billion, a PE ratio of 20.89, a PEG ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a twelve month low of $138.33 and a twelve month 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.

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PepsiCo (NASDAQ:PEP - Get Free Report) last released 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 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 the consensus estimate of $27.89 billion. During the same quarter in the previous year, the company posted $1.78 EPS. The business's revenue was down .2% on a year-over-year basis. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.73%. PepsiCo's dividend payout ratio (DPR) is 77.99%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PEP. Citigroup decreased their target price on PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Barclays lowered shares of PepsiCo from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $168.00 to $156.00 in a report on Tuesday, March 18th. TD Cowen cut their price target on PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Morgan Stanley lowered their price objective 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. Finally, Evercore ISI cut their price objective on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $169.88.

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.