MV Capital Management Inc. Cuts Stake in PepsiCo, Inc. (NASDAQ:PEP)

MV Capital Management Inc. trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,300 shares of the company’s stock after selling 122 shares during the quarter. MV Capital Management Inc.’s holdings in PepsiCo were worth $560,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DHJJ Financial Advisors Ltd. acquired a new stake in PepsiCo during the 3rd quarter worth approximately $25,000. Pacifica Partners Inc. purchased a new position in shares of PepsiCo in the 3rd quarter valued at $27,000. LFA Lugano Financial Advisors SA lifted its holdings in shares of PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after acquiring an additional 70 shares in the last quarter. Life Planning Partners Inc purchased a new stake in PepsiCo during the 4th quarter worth $34,000. Finally, Avion Wealth raised its position in PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after purchasing an additional 92 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PEP. Barclays boosted their price objective on shares of PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a report on Monday, March 18th. Wedbush reaffirmed an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a report on Friday, February 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 price objective on shares of PepsiCo in a report on Monday, February 12th. Finally, Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and upped their target price for the company from $180.00 to $195.00 in a research note on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $186.92.

PepsiCo Trading Down 0.2 %

Shares of NASDAQ:PEP traded down $0.26 during midday trading on Friday, reaching $168.10. The company had a trading volume of 5,453,736 shares, compared to its average volume of 5,733,164. The company has a fifty day simple moving average of $168.78 and a two-hundred day simple moving average of $167.45. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. The firm has a market cap of $231.06 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 2.64 and a beta of 0.53. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88.

PepsiCo (NASDAQ:PEP) last released its earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.06. The company had revenue of $27.84 billion for the quarter, compared to analysts’ expectations of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.67 EPS. Research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were issued a $1.265 dividend. The ex-dividend date was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 3.01%. PepsiCo’s dividend payout ratio is currently 77.02%.

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.