Continuum Advisory LLC Trims Position in PepsiCo, Inc. (NASDAQ:PEP)

Continuum Advisory LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 28.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,753 shares of the company's stock after selling 2,323 shares during the period. Continuum Advisory LLC's holdings in PepsiCo were worth $875,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Ames National Corp bought a new stake in shares of PepsiCo during the 4th quarter valued at $672,000. PharVision Advisers LLC purchased a new position in PepsiCo during the fourth quarter valued at $319,000. White Knight Strategic Wealth Advisors LLC bought a new stake in PepsiCo during the fourth quarter valued at about $253,000. Mpwm Advisory Solutions LLC purchased a new stake in PepsiCo in the fourth quarter worth about $66,000. Finally, Talisman Wealth Advisors LLC raised its stake in shares of PepsiCo by 11.4% in the fourth quarter. Talisman Wealth Advisors LLC now owns 1,775 shares of the company's stock worth $270,000 after buying an additional 182 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

NASDAQ:PEP opened at $130.15 on Thursday. 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 company has a market cap of $178.45 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 1 year low of $127.87 and a 1 year high of $182.13. The stock's 50 day simple moving average is $140.35 and its two-hundred day simple moving average is $148.94.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly 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). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. During the same period in the previous year, the company earned $1.61 EPS. PepsiCo's revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business 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 $1.4225 dividend. The ex-dividend date is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.37%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PEP. Deutsche Bank Aktiengesellschaft cut their price objective on PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. Bank of America reduced their price objective on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Citigroup lowered their target price on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. BNP Paribas cut their price target on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Finally, Barclays lowered their price objective on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, PepsiCo presently has an average 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.

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