Western Wealth Management LLC Reduces Stake in PepsiCo, Inc. (NASDAQ:PEP)

Western Wealth Management LLC cut its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 84.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,073 shares of the company's stock after selling 10,970 shares during the period. Western Wealth Management LLC's holdings in PepsiCo were worth $315,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of research firms recently commented on PEP. Wells Fargo & Company lowered their price target on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Barclays reduced their target price on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. HSBC dropped their price target on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research 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 research report on Friday, April 25th. Finally, BNP Paribas dropped their target price on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. One 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $160.69.

PepsiCo Stock Performance

NASDAQ PEP traded down $0.78 on Friday, hitting $129.34. 8,116,528 shares of the stock traded hands, compared to its average volume of 6,473,654. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The business's fifty day moving average is $139.53 and its two-hundred day moving average is $148.31. PepsiCo, Inc. has a 12 month low of $127.75 and a 12 month high of $180.91. The firm has a market capitalization of $177.34 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted 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 return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the company posted $1.61 EPS. The firm's revenue was down 1.8% compared to the same quarter last year. As a group, equities analysts anticipate 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 $1.4225 dividend. This is an increase 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 annualized dividend and a dividend yield of 4.40%. PepsiCo's dividend payout ratio (DPR) is presently 83.68%.

PepsiCo Company 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.