Pinnacle Wealth Planning Services Inc. Trims Position in PepsiCo, Inc. (NASDAQ:PEP)

Pinnacle Wealth Planning Services Inc. reduced 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 filing with the Securities & Exchange Commission. The firm owned 12,120 shares of the company's stock after selling 3,817 shares during the quarter. Pinnacle Wealth Planning Services Inc.'s holdings in PepsiCo were worth $1,843,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Capital A Wealth Management LLC purchased a new stake in shares of PepsiCo in the 4th quarter worth $145,000. LM Advisors LLC grew its holdings in PepsiCo by 240.5% during the fourth quarter. LM Advisors LLC now owns 6,957 shares of the company's stock valued at $1,067,000 after purchasing an additional 4,914 shares during the period. Heck Capital Advisors LLC purchased a new stake in PepsiCo in the fourth quarter worth about $1,222,000. Brick & Kyle Associates raised its stake in shares of PepsiCo by 7.3% in the fourth quarter. Brick & Kyle Associates now owns 31,566 shares of the company's stock worth $4,800,000 after buying an additional 2,138 shares during the period. Finally, Armis Advisers LLC purchased a new position in shares of PepsiCo during the 4th quarter valued at about $390,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

PEP stock traded up $2.03 during trading on Tuesday, hitting $131.37. 13,960,301 shares of the company's stock traded hands, compared to its average volume of 6,503,657. PepsiCo, Inc. has a 52 week low of $127.75 and a 52 week high of $180.91. The stock has a market capitalization of $180.12 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 3.09 and a beta of 0.47. The business has a fifty day simple moving average of $139.16 and a 200 day simple moving average of $147.95. 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 released its quarterly earnings results 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 net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter in the previous year, the company posted $1.61 EPS. The business's quarterly revenue was down 1.8% on a year-over-year basis. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a dividend of $1.4225 per share. This is a boost 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 dividend yield of 4.33%. PepsiCo's dividend payout ratio is currently 83.68%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PEP. UBS Group lowered their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a report on Friday, April 25th. BNP Paribas lowered their target price 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. Evercore ISI set a $140.00 target price on shares of PepsiCo in a report on Thursday, April 24th. CICC Research reissued a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. Finally, Wall Street Zen downgraded PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock 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.