PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Wealth Architects LLC

Wealth Architects LLC reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 25.1% in the 4th quarter, HoldingsChannel reports. The firm owned 2,926 shares of the company’s stock after selling 980 shares during the quarter. Wealth Architects LLC’s holdings in PepsiCo were worth $445,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Cozad Asset Management Inc. boosted its position in PepsiCo by 10.3% during the 4th quarter. Cozad Asset Management Inc. now owns 18,258 shares of the company’s stock worth $2,776,000 after purchasing an additional 1,705 shares during the period. Curio Wealth LLC purchased a new position in PepsiCo in the 4th quarter valued at about $70,000. Cibc World Markets Corp boosted its position in PepsiCo by 20.1% in the 4th quarter. Cibc World Markets Corp now owns 523,875 shares of the company’s stock valued at $79,660,000 after buying an additional 87,501 shares during the last quarter. IMG Wealth Management Inc. purchased a new position in PepsiCo in the 4th quarter valued at about $73,000. Finally, SlateStone Wealth LLC boosted its position in PepsiCo by 1.2% in the 4th quarter. SlateStone Wealth LLC now owns 113,126 shares of the company’s stock valued at $17,202,000 after buying an additional 1,325 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

NASDAQ PEP opened at $148.59 on Monday. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The firm has a market capitalization of $203.79 billion, a PE ratio of 21.38, a P/E/G ratio of 3.09 and a beta of 0.52. The company’s 50 day simple moving average is $148.76 and its 200 day simple moving average is $159.89.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the business earned $1.78 earnings per share. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.65%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Analyst Ratings Changes

PEP has been the subject of a number of analyst reports. Morgan Stanley decreased their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Jefferies Financial Group lowered shares of PepsiCo from a “buy” rating to a “hold” rating and cut their target price for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. HSBC cut their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. TD Cowen cut their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, UBS Group cut their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, PepsiCo has an average rating of “Hold” and a consensus price target of $170.59.

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.