TFG Advisers LLC Has $2.74 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

TFG Advisers LLC cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,999 shares of the company’s stock after selling 212 shares during the quarter. PepsiCo comprises approximately 1.0% of TFG Advisers LLC’s portfolio, making the stock its 23rd largest holding. TFG Advisers LLC’s holdings in PepsiCo were worth $2,737,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Highline Wealth Partners LLC bought a new position in shares of PepsiCo in the third quarter worth about $28,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the 3rd quarter worth approximately $31,000. Rakuten Securities Inc. lifted its holdings in PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after buying an additional 96 shares in the last quarter. Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at $34,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of PepsiCo during the third quarter worth $44,000. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PEP shares. JPMorgan Chase & Co. lowered their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. UBS Group dropped their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Morgan Stanley lowered their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a report on Wednesday. HSBC reduced their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday. Finally, Wells Fargo & Company cut their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $171.47.

PepsiCo Stock Down 0.5 %

PepsiCo stock opened at $144.58 on Friday. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a 50 day moving average of $151.80 and a 200-day moving average of $164.26. The stock has a market capitalization of $198.29 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the business posted $1.78 EPS. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.34 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.75%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

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.