Douglass Winthrop Advisors LLC Sells 250 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Douglass Winthrop Advisors LLC lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 46,846 shares of the company’s stock after selling 250 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in PepsiCo were worth $7,123,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Collier Financial bought a new position in shares of PepsiCo during the 4th quarter worth about $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo during the 4th quarter worth approximately $30,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the third quarter worth approximately $31,000. Bay Harbor Wealth Management LLC acquired a new stake in PepsiCo in the fourth quarter valued at approximately $34,000. Finally, Human Investing LLC acquired a new position in shares of PepsiCo during the fourth quarter worth approximately $39,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 0.6 %

Shares of PEP stock opened at $147.15 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The firm has a market cap of $201.82 billion, a P/E ratio of 21.17, a PEG ratio of 3.09 and a beta of 0.52. The company has a 50 day moving average of $148.98 and a 200-day moving average of $159.41. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $27.89 billion. During the same period last year, the business posted $1.78 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.68%. PepsiCo’s dividend payout ratio is presently 77.99%.

Analyst Ratings Changes

Several research firms recently issued reports on PEP. TD Cowen reduced their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Citigroup reduced their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Jefferies Financial Group cut shares of PepsiCo from a “buy” rating to a “hold” rating and dropped their price target for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. CICC Research reissued a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Finally, Wells Fargo & Company dropped their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $169.88.

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.