Stephens Inc. AR Sells 10,093 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Stephens Inc. AR trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,756 shares of the company’s stock after selling 10,093 shares during the quarter. Stephens Inc. AR’s holdings in PepsiCo were worth $13,648,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Highline Wealth Partners LLC bought a new position in PepsiCo in the 3rd quarter worth $28,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo during the 3rd quarter valued at about $31,000. Rakuten Securities Inc. increased its holdings in PepsiCo by 93.2% in the 3rd 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. Bay Harbor Wealth Management LLC bought a new position in shares of PepsiCo in the fourth quarter worth approximately $34,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of PepsiCo in the third quarter worth $44,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Down 0.5 %

PEP stock opened at $144.58 on Friday. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The firm’s fifty day simple moving average is $151.42 and its two-hundred day simple moving average is $164.10. The stock has a market capitalization of $198.29 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results 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 net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same period in the prior year, the firm posted $1.78 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. As a group, analysts anticipate that PepsiCo, Inc. will post 8.34 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is presently 77.99%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PEP. Deutsche Bank Aktiengesellschaft dropped their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. BNP Paribas decreased their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday. 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, Wells Fargo & Company reduced their price target on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $171.47.

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.