PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Sandbox Financial Partners LLC

Sandbox Financial Partners LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 13.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,764 shares of the company’s stock after selling 264 shares during the period. Sandbox Financial Partners LLC’s holdings in PepsiCo were worth $300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. LGT Capital Partners LTD. lifted its stake in shares of PepsiCo by 15.9% in the 4th quarter. LGT Capital Partners LTD. now owns 293,820 shares of the company’s stock valued at $49,902,000 after purchasing an additional 40,415 shares during the period. Austin Private Wealth LLC lifted its stake in shares of PepsiCo by 3.4% in the 4th quarter. Austin Private Wealth LLC now owns 3,459 shares of the company’s stock valued at $588,000 after purchasing an additional 113 shares during the period. Values Added Financial LLC lifted its stake in shares of PepsiCo by 40.8% in the 4th quarter. Values Added Financial LLC now owns 2,182 shares of the company’s stock valued at $371,000 after purchasing an additional 632 shares during the period. Ballast Inc. increased its holdings in PepsiCo by 108.9% in the 4th quarter. Ballast Inc. now owns 8,242 shares of the company’s stock worth $1,400,000 after acquiring an additional 4,297 shares in the last quarter. Finally, Evanson Asset Management LLC increased its holdings in PepsiCo by 7.8% in the 4th quarter. Evanson Asset Management LLC now owns 2,098 shares of the company’s stock worth $356,000 after acquiring an additional 151 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PEP shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a report on Monday, February 12th. Wedbush reaffirmed an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a report on Friday, February 9th. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and upped their target price for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research report on Monday, March 18th. Finally, JPMorgan Chase & Co. cut shares of PepsiCo from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $185.00 to $176.00 in a research report on Tuesday, December 19th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo presently has an average rating of “Moderate Buy” and an average price target of $187.77.

PepsiCo Stock Up 0.8 %

Shares of PEP stock traded up $1.44 during trading hours on Thursday, reaching $175.01. 5,710,410 shares of the stock were exchanged, compared to its average volume of 5,942,093. The business’s fifty day moving average is $168.10 and its two-hundred day moving average is $167.99. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88. The firm has a market capitalization of $240.55 billion, a P/E ratio of 26.64, a P/E/G ratio of 2.70 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last released its earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. The firm had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.67 earnings per share. As a group, research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 1st will be paid a $1.265 dividend. The ex-dividend date is Thursday, February 29th. This represents a $5.06 annualized dividend and a yield of 2.89%. PepsiCo’s dividend payout ratio is currently 77.02%.

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.