Crabel Capital Management LLC Sells 2,946 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Crabel Capital Management LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 62.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,761 shares of the company's stock after selling 2,946 shares during the period. Crabel Capital Management LLC's holdings in PepsiCo were worth $268,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ossiam increased its position in shares of PepsiCo by 138.9% in the fourth quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after acquiring an additional 42,793 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of PepsiCo by 104.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company's stock valued at $259,350,000 after buying an additional 870,451 shares during the period. Hudson Valley Investment Advisors Inc. ADV boosted its holdings in shares of PepsiCo by 12.8% during the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company's stock valued at $6,323,000 after acquiring an additional 4,712 shares during the period. Hutner Capital Management Inc. increased its position in PepsiCo by 14.6% in the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock valued at $8,178,000 after acquiring an additional 6,865 shares during the period. Finally, Guinness Asset Management LTD grew its position in PepsiCo by 5.2% in the 4th quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company's stock valued at $188,031,000 after buying an additional 61,541 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 0.9 %

Shares of PEP traded up $1.17 during trading hours on Wednesday, reaching $131.91. 6,312,878 shares of the stock traded hands, compared to its average volume of 6,259,381. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company has a market cap of $180.85 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 52 week low of $130.16 and a 52 week high of $183.41. The stock has a fifty day simple moving average of $144.69 and a 200 day simple moving average of $151.64.

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

PepsiCo Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Morgan Stanley cut their target price on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. HSBC reduced their price objective on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. Bank of America decreased their price target on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Royal Bank of Canada restated a "sector perform" rating and set a $163.00 price target on shares of PepsiCo in a research note on Tuesday, April 22nd. Finally, BNP Paribas cut their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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.