Watchman Group Inc. Sells 13,180 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Watchman Group Inc. lessened its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 67.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,463 shares of the company's stock after selling 13,180 shares during the quarter. Watchman Group Inc.'s holdings in PepsiCo were worth $983,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Collier Financial purchased a new position in shares of PepsiCo in the 4th quarter worth approximately $28,000. WealthTrak Capital Management LLC purchased a new position in PepsiCo in the fourth quarter worth $28,000. Creative Capital Management Investments LLC bought a new position in PepsiCo in the 4th quarter valued at $30,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo during the 3rd quarter worth $31,000. Finally, Bay Harbor Wealth Management LLC bought a new position in PepsiCo during the fourth quarter valued at about $34,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

NASDAQ PEP traded down $0.31 during trading on Tuesday, reaching $149.63. The company's stock had a trading volume of 6,024,259 shares, compared to its average volume of 5,892,773. The stock has a market capitalization of $205.22 billion, a PE ratio of 21.53, a P/E/G ratio of 3.09 and a beta of 0.52. 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 firm has a fifty day moving average of $149.28 and a 200 day moving average of $157.72. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41.

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PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same period last year, the firm posted $1.78 earnings per share. PepsiCo's quarterly revenue was down .2% on a year-over-year basis. Analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a $1.355 dividend. The ex-dividend date 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 Analyst Weigh In

Several brokerages have commented on PEP. Evercore ISI lowered their price objective on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. UBS Group dropped their price objective on PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. CICC Research reissued a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. Royal Bank of Canada began coverage on PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price target on the stock. Finally, Piper Sandler began coverage on PepsiCo in a report on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price objective for the company. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $169.88.

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.