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

Sfmg LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,266 shares of the company’s stock after selling 827 shares during the period. Sfmg LLC’s holdings in PepsiCo were worth $2,253,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of PEP. DHJJ Financial Advisors Ltd. purchased a new position in PepsiCo in the third quarter worth approximately $25,000. LFA Lugano Financial Advisors SA lifted its position 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 worth $27,000 after purchasing an additional 70 shares during the last quarter. Life Planning Partners Inc acquired a new position in shares of PepsiCo during the fourth quarter worth $34,000. Avion Wealth increased its holdings 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 buying an additional 92 shares during the last quarter. Finally, Financial Connections Group Inc. acquired a new stake in PepsiCo in the fourth quarter valued at $44,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on PEP. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research note on Monday, March 18th. Barclays boosted their price objective on shares of PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Jefferies Financial Group increased their target price on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $186.92.

PepsiCo Stock Performance

Shares of PEP traded up $1.16 during mid-day trading on Wednesday, hitting $168.66. 1,016,583 shares of the company’s stock were exchanged, compared to its average volume of 5,683,837. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88. The business’s 50 day moving average is $168.62 and its two-hundred day moving average is $167.37. The firm has a market capitalization of $231.82 billion, a P/E ratio of 25.49, a P/E/G ratio of 2.62 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. The company had revenue of $27.84 billion during 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 firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm earned $1.67 EPS. On average, equities analysts expect 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. Shareholders of record on Friday, March 1st were paid a $1.265 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a yield of 3.00%. PepsiCo’s dividend payout ratio is currently 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.