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

Trek Financial LLC cut its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 43.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,262 shares of the company's stock after selling 3,269 shares during the period. Trek Financial LLC's holdings in PepsiCo were worth $648,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Howard Capital Management Group LLC lifted its position in shares of PepsiCo by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company's stock worth $777,000 after purchasing an additional 90 shares during the last quarter. Morse Asset Management Inc purchased a new stake in PepsiCo during the 3rd quarter worth about $996,000. Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo during the 3rd quarter worth about $31,000. Y Intercept Hong Kong Ltd raised its position in shares of PepsiCo by 107.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 24,948 shares of the company's stock worth $4,242,000 after acquiring an additional 12,941 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in PepsiCo by 20.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,288,634 shares of the company's stock worth $219,132,000 after purchasing an additional 218,244 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PEP. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Evercore ISI decreased their price objective on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. CICC Research reiterated a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. StockNews.com downgraded PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, HSBC reduced their price objective on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $169.88.

PepsiCo Stock Performance

NASDAQ:PEP traded up $0.46 during mid-day trading on Friday, reaching $144.60. The stock had a trading volume of 2,932,912 shares, compared to its average volume of 7,531,119. The firm has a market capitalization of $198.29 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 3.09 and a beta of 0.49. The business has a 50 day simple moving average of $148.35 and a 200 day simple moving average of $155.95. PepsiCo, Inc. has a twelve month low of $138.33 and a twelve month high of $183.41. 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 released its quarterly earnings data 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. The firm had revenue of $27.78 billion during the quarter, compared to analysts' expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo's revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.78 earnings per share. On average, analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's payout ratio is currently 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.