PepsiCo, Inc. (NASDAQ:PEP) Stake Cut by Beaumont Asset Management L.L.C.

Beaumont Asset Management L.L.C. cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 47.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,766 shares of the company’s stock after selling 4,332 shares during the period. Beaumont Asset Management L.L.C.’s holdings in PepsiCo were worth $809,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Cerity Partners LLC increased its holdings in shares of PepsiCo by 59.4% during the fourth quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock valued at $168,747,000 after purchasing an additional 370,122 shares during the period. Harbour Capital Advisors LLC grew its holdings in shares of PepsiCo by 0.4% during the 4th quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock worth $4,747,000 after purchasing an additional 102 shares in the last quarter. Meadow Creek Wealth Advisors LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth approximately $405,000. Manchester Capital Management LLC grew its holdings in shares of PepsiCo by 1.4% during the 3rd quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock worth $2,243,000 after purchasing an additional 185 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC grew its holdings in shares of PepsiCo by 34.5% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock worth $2,091,000 after purchasing an additional 3,159 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on PEP shares. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Wedbush reaffirmed an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research note on Tuesday. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and boosted their price target for the company from $180.00 to $195.00 in a research note on Monday, February 12th. Finally, Jefferies Financial Group boosted their price target on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Six equities research 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $186.92.

PepsiCo Stock Down 3.0 %

NASDAQ PEP traded down $5.24 during trading hours on Tuesday, hitting $171.22. 9,023,264 shares of the company traded hands, compared to its average volume of 5,769,279. The business’s 50-day moving average is $168.80 and its 200-day moving average is $167.55. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month 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 stock has a market capitalization of $235.34 billion, a price-to-earnings ratio of 26.21, a P/E/G ratio of 2.73 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its quarterly 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 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 business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.67 earnings per share. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm 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 was Thursday, February 29th. This represents a $5.06 annualized dividend and a yield of 2.96%. PepsiCo’s dividend payout ratio is 77.02%.

PepsiCo Company 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.