Parthenon LLC Sells 475 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Parthenon LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,795 shares of the company’s stock after selling 475 shares during the period. PepsiCo comprises 2.4% of Parthenon LLC’s investment portfolio, making the stock its 13th biggest holding. Parthenon LLC’s holdings in PepsiCo were worth $17,119,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. LFA Lugano Financial Advisors SA boosted its stake in shares of PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after buying an additional 70 shares during the last quarter. Life Planning Partners Inc purchased a new position in PepsiCo in the fourth quarter worth $34,000. Naples Money Management LLC purchased a new stake in shares of PepsiCo during the 4th quarter valued at $36,000. Criterion Capital Advisors LLC purchased a new position in shares of PepsiCo in the 4th quarter worth about $39,000. Finally, Avion Wealth grew its position in PepsiCo by 61.7% during the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after buying an additional 92 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

PEP has been the subject of several research reports. Barclays increased their price target on PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. JPMorgan Chase & Co. raised their price target on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, Jefferies Financial Group boosted their price objective on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $187.42.

PepsiCo Trading Down 0.1 %

PEP stock traded down $0.23 during trading on Tuesday, hitting $175.91. 4,465,101 shares of the company traded hands, compared to its average volume of 5,806,826. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The company has a 50-day moving average of $169.74 and a 200-day moving average of $168.16. The firm has a market capitalization of $241.84 billion, a PE ratio of 26.45, a P/E/G ratio of 2.86 and a beta of 0.53. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The firm had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.50 earnings per share. Analysts predict that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $1.355 per share. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a dividend yield of 3.08%. PepsiCo’s payout ratio is currently 76.09%.

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.