PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Cut by Keel Point LLC

Keel Point LLC lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 17.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,139 shares of the company’s stock after selling 647 shares during the period. Keel Point LLC’s holdings in PepsiCo were worth $533,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of PEP. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of PepsiCo by 34.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,128,044 shares of the company’s stock valued at $188,812,000 after acquiring an additional 286,169 shares during the last quarter. AMI Investment Management Inc. lifted its position in shares of PepsiCo by 0.7% during the 1st quarter. AMI Investment Management Inc. now owns 16,627 shares of the company’s stock valued at $2,783,000 after acquiring an additional 113 shares during the last quarter. Mather Group LLC. lifted its position in shares of PepsiCo by 29.3% during the 1st quarter. Mather Group LLC. now owns 5,562 shares of the company’s stock valued at $931,000 after acquiring an additional 1,262 shares during the last quarter. Wsfs Capital Management LLC lifted its position in shares of PepsiCo by 117.2% during the 1st quarter. Wsfs Capital Management LLC now owns 2,995 shares of the company’s stock valued at $501,000 after acquiring an additional 1,616 shares during the last quarter. Finally, Equitable Holdings Inc. lifted its position in shares of PepsiCo by 8.5% during the 1st quarter. Equitable Holdings Inc. now owns 26,909 shares of the company’s stock valued at $4,504,000 after acquiring an additional 2,116 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ:PEP opened at $167.60 on Tuesday. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88. The firm has a 50 day moving average of $168.70 and a 200-day moving average of $167.38. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. The stock has a market capitalization of $230.37 billion, a P/E ratio of 25.41, a price-to-earnings-growth ratio of 2.64 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $28.40 billion. During the same quarter last year, the business posted $1.67 earnings per share. PepsiCo’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a dividend of $1.265 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a yield of 3.02%. PepsiCo’s dividend payout ratio (DPR) is presently 77.02%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PEP. Wedbush restated an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a report on Friday, February 9th. Jefferies Financial Group increased their target price on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft increased their target price on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a report on Monday, March 18th. Finally, Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, PepsiCo presently has a consensus rating of “Moderate Buy” and an average price target of $186.92.

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.