PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Bison Wealth LLC

Bison Wealth LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,619 shares of the company’s stock after selling 348 shares during the period. Bison Wealth LLC’s holdings in PepsiCo were worth $954,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. DHJJ Financial Advisors Ltd. acquired a new stake in shares of PepsiCo during the third quarter worth $25,000. LFA Lugano Financial Advisors SA lifted its stake in shares of PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after buying an additional 70 shares during the period. Life Planning Partners Inc acquired a new stake in shares of PepsiCo during the fourth quarter worth $34,000. Avion Wealth lifted its stake in shares of PepsiCo by 61.7% during the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after buying an additional 92 shares during the period. Finally, Financial Connections Group Inc. acquired a new stake in shares of PepsiCo during the fourth quarter worth $44,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PEP. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Wedbush reissued an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a report on Friday, February 9th. JPMorgan Chase & Co. cut shares of PepsiCo from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $185.00 to $176.00 in a report on Tuesday, December 19th. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and raised their target price for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.92.

PepsiCo Stock Down 0.7 %

PEP opened at $166.95 on Tuesday. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88. 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 company has a fifty day moving average of $168.70 and a two-hundred day moving average of $167.38. The stock has a market capitalization of $229.47 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 2.64 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The business had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. During the same quarter last year, the business earned $1.67 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. On average, research analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a $1.265 dividend. The ex-dividend date was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 3.03%. PepsiCo’s dividend payout ratio (DPR) is 77.02%.

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.