Bahl & Gaynor Inc. Sells 94,229 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Bahl & Gaynor Inc. lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,520,649 shares of the company’s stock after selling 94,229 shares during the period. PepsiCo comprises 2.6% of Bahl & Gaynor Inc.’s portfolio, making the stock its 8th largest holding. Bahl & Gaynor Inc.’s holdings in PepsiCo were worth $428,107,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Amplius Wealth Advisors LLC boosted its stake in shares of PepsiCo by 2.8% during the fourth quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock valued at $381,000 after purchasing an additional 60 shares in the last quarter. Darwin Wealth Management LLC boosted its stake in shares of PepsiCo by 2.7% during the third quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after purchasing an additional 61 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its stake in shares of PepsiCo by 2.6% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock valued at $411,000 after purchasing an additional 61 shares in the last quarter. Beacon Financial Advisory LLC raised its position in shares of PepsiCo by 3.1% during the third quarter. Beacon Financial Advisory LLC now owns 2,135 shares of the company’s stock worth $362,000 after acquiring an additional 65 shares during the last quarter. Finally, Pathway Financial Advisors LLC raised its position in shares of PepsiCo by 4.5% during the third quarter. Pathway Financial Advisors LLC now owns 1,506 shares of the company’s stock worth $255,000 after acquiring an additional 65 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 0.6 %

NASDAQ PEP opened at $175.58 on Friday. The company has a market cap of $241.39 billion, a price-to-earnings ratio of 26.40, a P/E/G ratio of 2.88 and a beta of 0.53. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88. The business has a 50 day moving average price of $169.40 and a 200-day moving average price of $167.86. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.09. The company had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. PepsiCo’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.50 earnings per share. As a group, equities analysts expect that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors 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 dividend yield of 2.88%. PepsiCo’s payout ratio is 76.09%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Jefferies Financial Group raised their price objective on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Wedbush restated an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised their price objective on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $187.42.

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.