First Eagle Investment Management LLC Sells 340 Shares of PepsiCo, Inc. (NASDAQ:PEP)

First Eagle Investment Management LLC lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 62,328 shares of the company’s stock after selling 340 shares during the period. First Eagle Investment Management LLC’s holdings in PepsiCo were worth $9,478,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PEP. Collier Financial bought a new position in PepsiCo in the fourth quarter valued at approximately $28,000. Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo in the third quarter valued at approximately $31,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $34,000. Finally, Human Investing LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $39,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PEP. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. HSBC lowered their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Finally, TD Cowen decreased their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $170.59.

PepsiCo Trading Up 0.2 %

Shares of PepsiCo stock opened at $148.59 on Friday. The firm has a 50-day moving average of $148.76 and a 200-day moving average of $160.10. The stock has a market cap of $203.79 billion, a PE ratio of 21.38, a PEG ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last announced its 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. The company had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.78 earnings per share. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.65%. PepsiCo’s payout ratio is 77.99%.

About PepsiCo

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.