PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Holderness Investments Co.

Holderness Investments Co. lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 10,875 shares of the company’s stock after selling 207 shares during the quarter. Holderness Investments Co.’s holdings in PepsiCo were worth $1,654,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. HUB Investment Partners LLC boosted its position in PepsiCo by 3.5% in the fourth quarter. HUB Investment Partners LLC now owns 21,908 shares of the company’s stock valued at $3,331,000 after buying an additional 738 shares during the last quarter. OLD Point Trust & Financial Services N A boosted its position in PepsiCo by 0.6% in the fourth quarter. OLD Point Trust & Financial Services N A now owns 52,613 shares of the company’s stock valued at $8,000,000 after buying an additional 305 shares during the last quarter. Symmetry Partners LLC purchased a new stake in PepsiCo in the fourth quarter valued at approximately $255,000. iA Global Asset Management Inc. boosted its position in PepsiCo by 9.9% in the fourth quarter. iA Global Asset Management Inc. now owns 162,289 shares of the company’s stock valued at $24,678,000 after buying an additional 14,621 shares during the last quarter. Finally, Wilkins Investment Counsel Inc. boosted its position in PepsiCo by 6.7% in the fourth quarter. Wilkins Investment Counsel Inc. now owns 94,531 shares of the company’s stock valued at $14,374,000 after buying an additional 5,904 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. TD Cowen lowered their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Barclays lowered PepsiCo from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $168.00 to $156.00 in a research report on Tuesday. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. BNP Paribas lowered their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $169.88.

PepsiCo Stock Down 0.6 %

NASDAQ PEP opened at $147.15 on Friday. The business has a fifty day moving average price of $148.98 and a 200 day moving average price of $159.41. PepsiCo, Inc. has a one year low of $141.51 and a one year 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. The company has a market cap of $201.82 billion, a P/E ratio of 21.17, a P/E/G ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the prior year, the company earned $1.78 EPS. The firm’s revenue was down .2% compared to the same quarter last year. Research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 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.