AFT Forsyth & Company Inc. Cuts Position in PepsiCo, Inc. (NASDAQ:PEP)

AFT Forsyth & Company Inc. trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,864 shares of the company’s stock after selling 313 shares during the period. AFT Forsyth & Company Inc.’s holdings in PepsiCo were worth $588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Howard Bailey Securities LLC raised its stake in PepsiCo by 6.9% during the fourth quarter. Howard Bailey Securities LLC now owns 3,340 shares of the company’s stock valued at $508,000 after purchasing an additional 217 shares in the last quarter. PrairieView Partners LLC increased its holdings in shares of PepsiCo by 49.0% in the 4th quarter. PrairieView Partners LLC now owns 745 shares of the company’s stock worth $113,000 after buying an additional 245 shares during the last quarter. Phraction Management LLC raised its position in shares of PepsiCo by 143.2% during the 4th quarter. Phraction Management LLC now owns 4,400 shares of the company’s stock valued at $669,000 after buying an additional 2,591 shares in the last quarter. Raab & Moskowitz Asset Management LLC lifted its holdings in shares of PepsiCo by 12.2% in the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 46,693 shares of the company’s stock valued at $7,100,000 after acquiring an additional 5,078 shares during the last quarter. Finally, Fiera Capital Corp grew its position in PepsiCo by 4.2% in the fourth quarter. Fiera Capital Corp now owns 3,506,171 shares of the company’s stock worth $533,148,000 after acquiring an additional 141,719 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Down 1.1 %

Shares of NASDAQ PEP opened at $143.99 on Thursday. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The firm has a market cap of $197.48 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54. The business has a fifty day simple moving average of $150.73 and a two-hundred day simple moving average of $163.68. 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 data on Tuesday, February 4th. The company reported $1.96 earnings per share 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 previous year, the company posted $1.78 earnings per share. The firm’s quarterly revenue was down .2% on a year-over-year basis. Analysts expect that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid 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 dividend yield of 3.76%. PepsiCo’s dividend payout ratio is presently 77.99%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PEP shares. Royal Bank of Canada assumed coverage on PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 price objective for the company. Wells Fargo & Company lowered their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. TD Cowen cut their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Piper Sandler started coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price for the company. Finally, CICC Research reiterated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $171.47.

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.