PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,822 shares of the company’s stock after selling 109 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in PepsiCo were worth $649,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in PEP. LFA Lugano Financial Advisors SA grew 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 purchasing an additional 70 shares during the period. Life Planning Partners Inc purchased a new stake in shares of PepsiCo in the fourth quarter valued at $34,000. Naples Money Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at $36,000. Criterion Capital Advisors LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at $39,000. Finally, Avion Wealth grew 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 purchasing an additional 92 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Up 3.6 %

Shares of NASDAQ:PEP traded up $6.19 during trading on Wednesday, hitting $177.41. The company’s stock had a trading volume of 10,011,958 shares, compared to its average volume of 5,852,656. 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 fifty-two week low of $155.83 and a fifty-two week high of $196.88. The stock’s 50-day moving average price is $168.84 and its two-hundred day moving average price is $167.63. The company has a market capitalization of $243.85 billion, a PE ratio of 26.50, a PEG ratio of 2.77 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. The company had revenue of $18.25 billion for the quarter, compared to the consensus estimate of $18.08 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. PepsiCo’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.50 EPS. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s payout ratio is 77.02%.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of research reports. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and boosted their price target for the company from $180.00 to $195.00 in a research report on Monday, February 12th. Jefferies Financial Group boosted their price target on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Deutsche Bank Aktiengesellschaft boosted their price target on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Wedbush reissued an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research report on Tuesday. Finally, StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $187.33.

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.