Syon Capital LLC Sells 6,297 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Syon Capital LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 38.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,991 shares of the company's stock after selling 6,297 shares during the quarter. Syon Capital LLC's holdings in PepsiCo were worth $1,519,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PEP shares. Morgan Stanley lowered their target price on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. TD Cowen reduced their target price on PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. UBS Group lowered their price target 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. Jefferies Financial Group lowered shares of PepsiCo from a "buy" rating to a "hold" rating and decreased their target price for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $163.00 price target on shares of PepsiCo in a report on Tuesday. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $163.94.

PepsiCo Price Performance

PEP traded down $2.92 during midday trading on Friday, hitting $132.39. The stock had a trading volume of 957,464 shares, compared to its average volume of 6,112,731. The company has a market cap of $181.55 billion, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 1 year low of $132.26 and a 1 year high of $183.41. The business has a fifty day moving average of $147.91 and a 200 day moving average of $154.18. 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 (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.52 by ($0.04). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given 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 4.09%. 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.