Sfmg LLC lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 17.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,069 shares of the company's stock after selling 2,176 shares during the period. Sfmg LLC's holdings in PepsiCo were worth $1,531,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Swedbank AB boosted its position in PepsiCo by 211.4% during the third 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 stake in shares of PepsiCo by 2.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company's stock valued at $777,000 after buying an additional 90 shares in the last quarter. LPL Financial LLC lifted its position in shares of PepsiCo by 8.4% in the third quarter. LPL Financial LLC now owns 1,844,337 shares of the company's stock worth $313,629,000 after buying an additional 142,191 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in shares of PepsiCo by 1.7% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 64,562 shares of the company's stock valued at $10,979,000 after acquiring an additional 1,086 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in PepsiCo by 7.9% during the 3rd quarter. Pacer Advisors Inc. now owns 216,856 shares of the company's stock worth $36,876,000 after acquiring an additional 15,821 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.
PepsiCo Trading Up 2.1 %
Shares of NASDAQ:PEP traded up $3.10 during mid-day trading on Wednesday, reaching $148.64. 5,881,682 shares of the company's stock were exchanged, compared to its average volume of 5,426,476. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The firm has a market capitalization of $203.86 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 3.09 and a beta of 0.52. The business's fifty day moving average price is $149.09 and its 200-day moving average price is $158.50.
PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 earnings per share. On average, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.
PepsiCo Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo's payout ratio is currently 77.99%.
Wall Street Analysts Forecast Growth
PEP has been the subject of several research analyst reports. Barclays cut PepsiCo from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $168.00 to $156.00 in a research report on Tuesday, March 18th. UBS Group dropped their target price on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and reduced their price target for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. Wells Fargo & Company dropped their price objective on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Finally, CICC Research reiterated a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, PepsiCo has an average rating of "Hold" and a consensus price target of $169.88.
Check Out Our Latest Stock Analysis on PEP
PepsiCo Profile
(
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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