Ancora Advisors LLC Has $10.11 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Ancora Advisors LLC lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 12.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,480 shares of the company's stock after selling 9,282 shares during the period. Ancora Advisors LLC's holdings in PepsiCo were worth $10,109,000 as of its most recent SEC filing.

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

PepsiCo Price Performance

PEP stock traded up $0.20 during trading on Friday, hitting $133.75. The company had a trading volume of 7,166,959 shares, compared to its average volume of 6,224,713. The company has a fifty day moving average price of $145.94 and a two-hundred day moving average price of $152.23. PepsiCo, Inc. has a fifty-two week low of $131.52 and a fifty-two week high of $183.41. The company has a market cap of $183.38 billion, a P/E ratio of 19.24, a P/E/G ratio of 3.09 and a beta of 0.47. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

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 the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the prior year, the firm posted $1.61 EPS. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. Equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 4.05%. PepsiCo's dividend payout ratio (DPR) is presently 79.71%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and decreased their target price for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Wells Fargo & Company dropped their price target on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. BNP Paribas reduced their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Finally, TD Cowen cut their target price 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. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $160.69.

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.