Obermeyer Wood Investment Counsel Lllp Reduces Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Obermeyer Wood Investment Counsel Lllp lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 111,622 shares of the company’s stock after selling 1,103 shares during the quarter. PepsiCo accounts for about 1.3% of Obermeyer Wood Investment Counsel Lllp’s holdings, making the stock its 29th biggest position. Obermeyer Wood Investment Counsel Lllp’s holdings in PepsiCo were worth $18,958,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA increased its position in shares of PepsiCo by 80.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after buying an additional 70 shares in the last quarter. Life Planning Partners Inc purchased a new position in shares of PepsiCo in the fourth quarter valued at $34,000. Avion Wealth increased its position in shares of PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after buying an additional 92 shares in the last quarter. Financial Connections Group Inc. purchased a new position in shares of PepsiCo in the fourth quarter valued at $44,000. Finally, Pacific Center for Financial Services purchased a new stake in PepsiCo during the 1st quarter worth about $47,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on PEP shares. Deutsche Bank Aktiengesellschaft lifted their price objective on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Wedbush restated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a report on Friday, February 9th. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research note on Monday, March 18th. Finally, StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.92.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded up $2.79 during trading on Thursday, reaching $172.27. The stock had a trading volume of 5,464,640 shares, compared to its average volume of 5,722,261. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. The stock has a market cap of $236.79 billion, a PE ratio of 25.80, a P/E/G ratio of 2.63 and a beta of 0.53. The firm’s 50 day moving average price is $168.58 and its two-hundred day moving average price is $167.38.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. The business had revenue of $27.84 billion during the quarter, compared to the consensus estimate of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $1.67 EPS. On average, research analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a dividend of $1.265 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.94%. PepsiCo’s payout ratio is currently 77.02%.

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.