PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 13,642 shares of the company’s stock after selling 205 shares during the period. Tandem Capital Management Corp ADV’s holdings in PepsiCo were worth $2,074,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Highline Wealth Partners LLC purchased a new stake in shares of PepsiCo during the third quarter valued at $28,000. Legacy Investment Solutions LLC purchased a new stake in PepsiCo during the third quarter valued at about $31,000. Rakuten Securities Inc. increased its position in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of PepsiCo during the third quarter valued at approximately $44,000. Finally, Global Wealth Strategies & Associates grew its position in PepsiCo by 145.3% during the 4th quarter. Global Wealth Strategies & Associates now owns 390 shares of the company’s stock worth $59,000 after purchasing an additional 231 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Down 0.3 %

Shares of PEP opened at $150.27 on Tuesday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The company has a market cap of $206.17 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 2.92 and a beta of 0.54. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The stock has a fifty day moving average price of $153.12 and a two-hundred day moving average price of $164.85.

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, topping the consensus estimate of $1.95 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. Analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s payout ratio is currently 79.94%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on PEP shares. TD Cowen reduced their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada reissued a “sector perform” rating and set a $172.00 target price on shares of PepsiCo in a research report on Wednesday, January 29th. Barclays reduced their price target on PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Hsbc Global Res raised PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Finally, UBS Group decreased their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average price target of $176.73.

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.