Integrated Advisors Network LLC lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 14.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,268 shares of the company's stock after selling 2,869 shares during the quarter. Integrated Advisors Network LLC's holdings in PepsiCo were worth $2,626,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo during the 4th quarter worth approximately $28,000. Collier Financial acquired a new position in shares of PepsiCo in the 4th quarter valued at $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at $30,000. Prudent Man Investment Management Inc. acquired a new position in shares of PepsiCo in the 4th quarter valued at $30,000. Finally, Measured Risk Portfolios Inc. acquired a new position in shares of PepsiCo in the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 73.07% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on PEP shares. Morgan Stanley dropped their price objective on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Wall Street Zen cut shares of PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Barclays dropped their price objective on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and lowered their price target for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. Finally, BNP Paribas lowered their price target on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $160.69.
Check Out Our Latest Report on PEP
PepsiCo Stock Up 0.5%
Shares of PepsiCo stock traded up $0.66 on Thursday, hitting $131.33. 2,963,750 shares of the company's stock traded hands, compared to its average volume of 6,503,074. The stock has a market cap of $180.07 billion, a P/E ratio of 18.87, a PEG ratio of 3.09 and a beta of 0.47. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The firm's 50-day moving average is $138.55 and its 200 day moving average is $147.72. PepsiCo, Inc. has a 52-week low of $127.75 and a 52-week high of $180.91.
PepsiCo (NASDAQ:PEP - Get Free Report) last released 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). 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 business's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.61 earnings per share. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a 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 payout ratio is currently 83.68%.
About PepsiCo
(
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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