Quadcap Wealth Management LLC Sells 5,489 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Quadcap Wealth Management LLC trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 52.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,987 shares of the company's stock after selling 5,489 shares during the quarter. Quadcap Wealth Management LLC's holdings in PepsiCo were worth $758,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Quantinno Capital Management LP grew its position in PepsiCo by 43.8% during the fourth quarter. Quantinno Capital Management LP now owns 138,457 shares of the company's stock valued at $21,054,000 after buying an additional 42,174 shares during the period. Parkwood LLC boosted its position in shares of PepsiCo by 10.8% in the fourth quarter. Parkwood LLC now owns 35,493 shares of the company's stock worth $5,397,000 after purchasing an additional 3,471 shares during the period. Mufg Securities Americas Inc. bought a new position in shares of PepsiCo in the fourth quarter worth approximately $3,080,000. Nissay Asset Management Corp Japan ADV boosted its position in shares of PepsiCo by 5.2% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 309,918 shares of the company's stock worth $47,383,000 after purchasing an additional 15,384 shares during the period. Finally, NorthRock Partners LLC boosted its position in shares of PepsiCo by 252.4% in the fourth quarter. NorthRock Partners LLC now owns 29,715 shares of the company's stock worth $4,518,000 after purchasing an additional 21,284 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PEP shares. Bank of America dropped their price target on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Wells Fargo & Company dropped their price target on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. JPMorgan Chase & Co. upped their target price on shares of PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research report on Monday, April 21st. Morgan Stanley dropped their target price on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Finally, UBS Group dropped their target price 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. One equities research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $160.69.

PepsiCo Trading Up 2.4%

Shares of PEP opened at $131.50 on Friday. PepsiCo, Inc. has a twelve month low of $127.87 and a twelve month high of $183.41. The company has a market cap of $180.30 billion, a P/E ratio of 18.92, a P/E/G ratio of 3.09 and a beta of 0.47. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company's fifty day simple moving average is $141.78 and its 200-day simple moving average is $149.90.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its 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 firm had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same period in the prior year, the company posted $1.61 EPS. The company's revenue was down 1.8% compared to the same quarter last year. As a group, analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current 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 paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.33%. The ex-dividend date is Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

About PepsiCo

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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