Steph & Co. Sells 100 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Steph & Co. lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,753 shares of the company’s stock after selling 100 shares during the period. Steph & Co.’s holdings in PepsiCo were worth $468,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Oakworth Capital Inc. lifted its stake in PepsiCo by 23.8% in the 4th quarter. Oakworth Capital Inc. now owns 10,421 shares of the company’s stock valued at $1,770,000 after purchasing an additional 2,000 shares during the last quarter. Telos Capital Management Inc. lifted its position in shares of PepsiCo by 6.9% in the fourth quarter. Telos Capital Management Inc. now owns 106,396 shares of the company’s stock valued at $18,070,000 after buying an additional 6,887 shares during the last quarter. Alpha Omega Wealth Management LLC boosted its stake in shares of PepsiCo by 0.4% during the 4th quarter. Alpha Omega Wealth Management LLC now owns 18,208 shares of the company’s stock worth $3,092,000 after acquiring an additional 81 shares during the period. Rakuten Securities Inc. bought a new stake in PepsiCo in the 4th quarter valued at $113,000. Finally, TRUE Private Wealth Advisors raised its stake in PepsiCo by 13.6% in the 4th quarter. TRUE Private Wealth Advisors now owns 31,599 shares of the company’s stock valued at $5,367,000 after acquiring an additional 3,788 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the topic of several research reports. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and upped their target price for the company from $180.00 to $195.00 in a research report on Monday, February 12th. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a report on Monday, March 18th. JPMorgan Chase & Co. downgraded shares of PepsiCo from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $185.00 to $176.00 in a research note on Tuesday, December 19th. Barclays lifted their price objective on shares of PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Finally, StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, PepsiCo currently has an average rating of “Moderate Buy” and an average target price of $186.92.

PepsiCo Stock Up 1.2 %

Shares of NASDAQ PEP traded up $1.98 during midday trading on Wednesday, hitting $169.48. 4,007,502 shares of the stock traded hands, compared to its average volume of 5,724,908. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88. The business has a 50 day moving average price of $168.62 and a two-hundred day moving average price of $167.37. The company has a market cap of $232.95 billion, a PE ratio of 25.49, a P/E/G ratio of 2.62 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Friday, February 9th. The company reported $1.78 earnings per share (EPS) 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 the consensus estimate of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.67 EPS. On average, equities analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a $1.265 dividend. This represents a $5.06 annualized dividend and a yield of 2.99%. The ex-dividend date was Thursday, February 29th. 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.