AlphaCore Capital LLC lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 28.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,117 shares of the company's stock after selling 4,842 shares during the period. AlphaCore Capital LLC's holdings in PepsiCo were worth $1,859,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of PEP. WealthTrak Capital Management LLC bought a new position in PepsiCo during the fourth quarter valued at approximately $28,000. Collier Financial bought a new stake in shares of PepsiCo during the 4th quarter worth about $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo in the 4th quarter valued at approximately $30,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo in the 4th quarter worth approximately $30,000. Finally, Measured Risk Portfolios Inc. bought a new stake in PepsiCo during the fourth quarter worth approximately $31,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. BNP Paribas cut their target price on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. UBS Group decreased their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. HSBC dropped their price objective on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Finally, Bank of America decreased their target price on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, PepsiCo has an average rating of "Hold" and a consensus target price of $160.69.
View Our Latest Report on PepsiCo
PepsiCo Price Performance
Shares of PEP stock traded up $0.02 during mid-day trading on Wednesday, reaching $131.39. The company's stock had a trading volume of 2,742,134 shares, compared to its average volume of 6,489,297. The firm's 50-day moving average is $138.84 and its two-hundred day moving average is $147.83. The company has a market cap of $180.14 billion, a P/E ratio of 18.92, a PEG ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 1-year low of $127.75 and a 1-year high of $180.91. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.
PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). The business had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the company earned $1.61 EPS. On average, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Increases Dividend
The business 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 dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend is Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is 83.68%.
PepsiCo Company Profile
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Free Report)
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.
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