Pinnacle Wealth Planning Services Inc. Sells 3,817 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Pinnacle Wealth Planning Services Inc. decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 24.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,120 shares of the company's stock after selling 3,817 shares during the period. Pinnacle Wealth Planning Services Inc.'s holdings in PepsiCo were worth $1,843,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PEP. Collier Financial acquired a new position in PepsiCo during the 4th quarter valued at $28,000. WealthTrak Capital Management LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo in the fourth quarter valued at about $30,000. Prudent Man Investment Management Inc. bought a new position in PepsiCo during the fourth quarter valued at about $30,000. Finally, Measured Risk Portfolios Inc. acquired a new position in PepsiCo in the 4th quarter valued at approximately $31,000. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of research reports. CICC Research restated a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. 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 report on Tuesday, February 4th. UBS Group reduced their price objective 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. 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. Finally, Bank of America cut their price target 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. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $160.69.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded up $0.78 during trading on Thursday, reaching $131.45. The stock had a trading volume of 3,160,197 shares, compared to its average volume of 6,503,990. The stock has a market capitalization of $180.23 billion, a PE ratio of 18.91, a P/E/G ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 52 week low of $127.75 and a 52 week high of $180.91. The business's 50-day moving average price is $138.55 and its 200 day moving average price is $147.72. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

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

PepsiCo Increases Dividend

The business 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 dividend of $1.4225 per share. 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 4.33%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is currently 83.68%.

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.