Spectrum Wealth Counsel LLC Trims Position in PepsiCo, Inc. (NASDAQ:PEP)

Spectrum Wealth Counsel LLC cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,950 shares of the company’s stock after selling 241 shares during the quarter. Spectrum Wealth Counsel LLC’s holdings in PepsiCo were worth $3,034,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Onefund LLC raised its holdings in PepsiCo by 2.8% in the fourth quarter. Onefund LLC now owns 3,710 shares of the company’s stock worth $564,000 after purchasing an additional 101 shares in the last quarter. Nixon Peabody Trust Co. raised its holdings in PepsiCo by 0.4% in the fourth quarter. Nixon Peabody Trust Co. now owns 88,639 shares of the company’s stock worth $13,478,000 after purchasing an additional 354 shares in the last quarter. Richard W. Paul & Associates LLC raised its holdings in PepsiCo by 9.5% in the fourth quarter. Richard W. Paul & Associates LLC now owns 4,811 shares of the company’s stock worth $732,000 after purchasing an additional 418 shares in the last quarter. Metis Global Partners LLC raised its holdings in PepsiCo by 2.9% in the fourth quarter. Metis Global Partners LLC now owns 68,296 shares of the company’s stock worth $10,385,000 after purchasing an additional 1,924 shares in the last quarter. Finally, Noble Wealth Management PBC bought a new position in PepsiCo in the fourth quarter worth $40,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Up 1.0 %

Shares of NASDAQ:PEP opened at $153.47 on Friday. The stock has a market capitalization of $210.48 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 3.09 and a beta of 0.54. 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 stock’s 50-day simple moving average is $148.59 and its two-hundred day simple moving average is $161.60. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the firm posted $1.78 earnings per share. Analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business 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 $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. BNP Paribas decreased their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft cut their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Royal Bank of Canada started coverage on PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 target price on the stock. Wells Fargo & Company cut their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, Evercore ISI cut their target price on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. One equities 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 company’s stock. According to data from MarketBeat.com, PepsiCo has an average 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.