Vestor Capital LLC Sells 44,287 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Vestor Capital LLC lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 52.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,930 shares of the company's stock after selling 44,287 shares during the quarter. Vestor Capital LLC's holdings in PepsiCo were worth $6,224,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PEP. Collier Financial bought a new position in shares of PepsiCo during the fourth quarter valued at $28,000. Creative Capital Management Investments LLC purchased a new stake in PepsiCo during the 4th quarter valued at about $30,000. Legacy Investment Solutions LLC purchased a new position in PepsiCo in the third quarter worth about $31,000. Bay Harbor Wealth Management LLC bought a new position in shares of PepsiCo in the fourth quarter worth approximately $34,000. Finally, Human Investing LLC bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $39,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of PEP traded up $3.10 during mid-day trading on Wednesday, reaching $148.64. The stock had a trading volume of 5,881,682 shares, compared to its average volume of 5,426,476. The business has a fifty day moving average of $149.09 and a 200 day moving average of $158.50. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm has a market cap of $203.86 billion, a price-to-earnings ratio of 21.39, a PEG 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.

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PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $27.89 billion. During the same quarter in the prior year, the business posted $1.78 EPS. PepsiCo's revenue for the quarter was down .2% compared to the same quarter last year. Equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm 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 $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo's dividend payout ratio is presently 77.99%.

Wall Street Analyst Weigh In

PEP has been the subject of a number of research analyst reports. 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. Piper Sandler began coverage on shares of PepsiCo in a report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price target on the stock. BNP Paribas decreased their price objective on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Morgan Stanley dropped 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. Finally, Wells Fargo & Company lowered their price target on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $169.88.

About PepsiCo

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.