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

Monument Capital Management lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 85.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,894 shares of the company’s stock after selling 16,604 shares during the period. Monument Capital Management’s holdings in PepsiCo were worth $491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mengis Capital Management Inc. lifted its holdings in shares of PepsiCo by 2.5% during the fourth quarter. Mengis Capital Management Inc. now owns 50,533 shares of the company’s stock worth $8,583,000 after purchasing an additional 1,240 shares during the period. Significant Wealth Partners LLC purchased a new stake in shares of PepsiCo during the fourth quarter worth approximately $677,000. Diversified LLC increased its position in shares of PepsiCo by 11.1% during the fourth quarter. Diversified LLC now owns 4,665 shares of the company’s stock worth $792,000 after purchasing an additional 467 shares in the last quarter. Duality Advisers LP grew its holdings in PepsiCo by 394.8% in the 4th quarter. Duality Advisers LP now owns 31,988 shares of the company’s stock valued at $5,433,000 after buying an additional 25,523 shares in the last quarter. Finally, GUNN & Co INVESTMENT MANAGEMENT INC. grew its holdings in PepsiCo by 1,129.9% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 233,073 shares of the company’s stock valued at $39,585,000 after buying an additional 214,122 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 1.3 %

NASDAQ:PEP opened at $176.46 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The business’s 50 day moving average is $168.80 and its two-hundred day moving average is $167.55. The company has a market cap of $242.55 billion, a PE ratio of 26.86, a P/E/G ratio of 2.73 and a beta of 0.53. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.72 by $0.06. The firm 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 firm’s revenue was down .6% compared to the same quarter last year. During the same period last year, the firm earned $1.67 EPS. On average, analysts predict that PepsiCo, Inc. will post 8.15 EPS 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 dividend of $1.265 per share. The ex-dividend date was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 2.87%. PepsiCo’s dividend payout ratio is 77.02%.

Analysts Set New Price Targets

Several brokerages have recently commented on PEP. Wedbush reaffirmed an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research note on Tuesday. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a report on Monday, March 18th. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and upped their price target for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.