Tradewinds LLC. Sells 27,768 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Tradewinds LLC. lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 70.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,600 shares of the company's stock after selling 27,768 shares during the period. Tradewinds LLC.'s holdings in PepsiCo were worth $1,681,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. National Bank of Canada FI increased its position in shares of PepsiCo by 6.9% during the fourth quarter. National Bank of Canada FI now owns 1,762,555 shares of the company's stock valued at $268,018,000 after buying an additional 113,184 shares during the period. Franklin Resources Inc. increased its holdings in PepsiCo by 5.6% during the 4th quarter. Franklin Resources Inc. now owns 13,748,403 shares of the company's stock worth $2,090,582,000 after acquiring an additional 727,087 shares during the period. Family Legacy Inc. lifted its stake in PepsiCo by 1.2% in the 4th quarter. Family Legacy Inc. now owns 15,526 shares of the company's stock worth $2,275,000 after purchasing an additional 190 shares in the last quarter. B. Metzler seel. Sohn & Co. AG boosted its holdings in PepsiCo by 1.4% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 605,412 shares of the company's stock valued at $92,001,000 after purchasing an additional 8,354 shares during the period. Finally, Boston Research & Management Inc. grew its position in shares of PepsiCo by 2.1% during the 4th quarter. Boston Research & Management Inc. now owns 34,918 shares of the company's stock valued at $5,309,000 after purchasing an additional 710 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

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PepsiCo Trading Down 0.2 %

PepsiCo stock traded down $0.27 during trading hours on Tuesday, reaching $149.67. The company had a trading volume of 6,071,734 shares, compared to its average volume of 5,897,074. The firm has a market cap of $205.27 billion, a price-to-earnings ratio of 21.54, a P/E/G ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The company has a 50-day moving average price of $149.30 and a 200 day moving average price of $157.52.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. The company had revenue of $27.78 billion during 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%. The firm's revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.78 EPS. Equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.62%. PepsiCo's dividend payout ratio is presently 77.99%.

Wall Street Analysts Forecast Growth

PEP has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. UBS Group cut their price objective on PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a report on Thursday, January 16th. BNP Paribas lowered their target price on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. TD Cowen cut their price target on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Finally, Citigroup lowered their price objective on shares of PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, PepsiCo currently has an average rating of "Hold" and a consensus target price 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.