Bulltick Wealth Management LLC Decreases Stake in PepsiCo, Inc. (NASDAQ:PEP)

Bulltick Wealth Management LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 22.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,252 shares of the company's stock after selling 3,186 shares during the quarter. Bulltick Wealth Management LLC's holdings in PepsiCo were worth $1,726,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PEP. Cahill Financial Advisors Inc. increased its position in shares of PepsiCo by 56.2% in the fourth quarter. Cahill Financial Advisors Inc. now owns 2,308 shares of the company's stock valued at $351,000 after acquiring an additional 830 shares during the period. Cary Street Partners Financial LLC bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $7,763,000. Castlekeep Investment Advisors LLC purchased a new position in PepsiCo during the fourth quarter valued at $173,902,000. Chapman Financial Group LLC bought a new stake in PepsiCo during the 4th quarter valued at about $2,515,000. Finally, Banque de Luxembourg S.A. purchased a new stake in shares of PepsiCo during the fourth quarter valued at approximately $394,000. Institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PEP. BNP Paribas decreased their target price on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a report on Thursday, April 24th. Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and cut their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. HSBC dropped their price target on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company lowered their target price on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $160.69.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded up $1.17 during trading on Wednesday, reaching $131.91. 6,312,878 shares of the company's stock traded hands, compared to its average volume of 6,259,375. The firm has a market cap of $180.85 billion, a PE ratio of 18.98, a P/E/G ratio of 3.09 and a beta of 0.47. The company has a 50-day simple moving average of $145.13 and a 200-day simple moving average of $151.78. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a fifty-two week low of $130.16 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The business had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the business earned $1.61 EPS. As a group, analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.31%. PepsiCo's payout ratio is presently 79.71%.

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.