Bfsg LLC Sells 795 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Bfsg LLC lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.2% in the 4th quarter, HoldingsChannel reports. The fund owned 12,068 shares of the company’s stock after selling 795 shares during the period. Bfsg LLC’s holdings in PepsiCo were worth $1,835,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PEP. AMF Tjanstepension AB lifted its stake in PepsiCo by 15.8% during the 3rd quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock valued at $50,016,000 after acquiring an additional 40,031 shares during the period. Swedbank AB raised its holdings in shares of PepsiCo by 211.4% during the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after purchasing an additional 1,592,343 shares during the last quarter. Howard Capital Management Group LLC lifted its position in PepsiCo by 2.0% during the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after purchasing an additional 90 shares during the period. Inspire Advisors LLC purchased a new stake in PepsiCo in the third quarter valued at $203,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of PepsiCo by 3.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 207,970 shares of the company’s stock valued at $35,365,000 after buying an additional 6,334 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on PEP shares. Deutsche Bank Aktiengesellschaft decreased their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Morgan Stanley decreased their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. TD Cowen dropped their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Citigroup lowered their target price on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Finally, BNP Paribas cut their price target on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $171.47.

PepsiCo Stock Performance

PEP opened at $143.39 on Tuesday. The firm has a market capitalization of $196.66 billion, a PE ratio of 20.63, a PEG ratio of 2.89 and a beta of 0.54. The company has a current ratio of 0.82, a quick ratio of 0.70 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The firm’s 50-day moving average price is $149.80 and its 200 day moving average price is $163.06.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same period in the prior year, the business earned $1.78 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.34 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.78%. PepsiCo’s payout ratio is 77.99%.

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.