CapWealth Advisors LLC Sells 588 Shares of PepsiCo, Inc. (NASDAQ:PEP)

CapWealth Advisors LLC cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 117,589 shares of the company’s stock after selling 588 shares during the period. PepsiCo comprises approximately 2.4% of CapWealth Advisors LLC’s holdings, making the stock its 17th largest position. CapWealth Advisors LLC’s holdings in PepsiCo were worth $19,971,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LFA Lugano Financial Advisors SA grew its stake 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 during the period. Life Planning Partners Inc bought a new stake in shares of PepsiCo during the 4th quarter valued at $34,000. Avion Wealth lifted its stake in shares of PepsiCo by 61.7% during the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after buying an additional 92 shares in the last quarter. Pacific Center for Financial Services bought a new position in PepsiCo in the 1st quarter worth $47,000. Finally, Financial Connections Group Inc. bought a new stake in PepsiCo during the fourth quarter valued at about $44,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Up 0.9 %

NASDAQ PEP traded up $1.48 during midday trading on Thursday, hitting $170.96. 1,695,740 shares of the company traded hands, compared to its average volume of 5,671,025. The company has a market cap of $234.99 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 2.63 and a beta of 0.53. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68. The company’s 50-day simple moving average is $168.58 and its 200-day simple moving average is $167.38. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the company earned $1.67 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were paid a dividend of $1.265 per share. The ex-dividend date was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.96%. PepsiCo’s payout ratio is 77.02%.

Wall Street Analyst Weigh In

PEP has been the subject of several recent analyst reports. Jefferies Financial Group increased their price objective on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a report on Monday, February 12th. Barclays increased their price target on shares of PepsiCo from $183.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, April 12th. 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 research report on Monday, March 18th. Finally, Wedbush reissued an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research report on Friday, February 9th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, PepsiCo currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.92.

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.