Saxon Interests Inc. Lowers Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Saxon Interests Inc. lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 88.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,392 shares of the company’s stock after selling 11,009 shares during the period. Saxon Interests Inc.’s holdings in PepsiCo were worth $236,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Proquility Private Wealth Partners LLC grew its position in shares of PepsiCo by 1.1% in the fourth quarter. Proquility Private Wealth Partners LLC now owns 5,260 shares of the company’s stock valued at $950,000 after purchasing an additional 57 shares during the period. Amplius Wealth Advisors LLC grew its position in shares of PepsiCo by 2.8% in the fourth quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock valued at $381,000 after purchasing an additional 60 shares during the period. Darwin Wealth Management LLC grew its position in shares of PepsiCo by 2.7% in the third quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after purchasing an additional 61 shares during the period. Sugarloaf Wealth Management LLC lifted its stake in shares of PepsiCo by 2.6% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after buying an additional 61 shares in the last quarter. Finally, Cassia Capital Partners LLC lifted its stake in shares of PepsiCo by 1.5% in the third quarter. Cassia Capital Partners LLC now owns 4,143 shares of the company’s stock worth $702,000 after buying an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 0.8 %

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

PepsiCo (NASDAQ:PEP) last released its earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. The company 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 firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.67 EPS. Equities analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

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

Analysts Set New Price Targets

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

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.