Newman Dignan & Sheerar Inc. Sells 962 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Newman Dignan & Sheerar Inc. reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,015 shares of the company’s stock after selling 962 shares during the period. Newman Dignan & Sheerar Inc.’s holdings in PepsiCo were worth $2,435,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Roxbury Financial LLC acquired a new position in PepsiCo during the 4th quarter valued at $313,000. Guyasuta Investment Advisors Inc. raised its stake in PepsiCo by 4.6% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 268,431 shares of the company’s stock valued at $40,818,000 after purchasing an additional 11,717 shares during the last quarter. Aveo Capital Partners LLC raised its stake in PepsiCo by 7.4% during the 4th quarter. Aveo Capital Partners LLC now owns 5,870 shares of the company’s stock valued at $893,000 after purchasing an additional 405 shares during the last quarter. Manchester Capital Management LLC raised its stake in PepsiCo by 2.3% during the 4th quarter. Manchester Capital Management LLC now owns 13,969 shares of the company’s stock valued at $2,124,000 after purchasing an additional 315 shares during the last quarter. Finally, CapWealth Advisors LLC raised its stake in PepsiCo by 0.6% during the 4th quarter. CapWealth Advisors LLC now owns 106,056 shares of the company’s stock valued at $16,127,000 after purchasing an additional 665 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PEP. Morgan Stanley cut their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. UBS Group dropped their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Citigroup dropped their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Piper Sandler began coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. Finally, BNP Paribas dropped their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $171.47.

PepsiCo Stock Down 0.8 %

Shares of NASDAQ:PEP opened at $143.39 on Friday. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The company’s 50-day moving average price is $150.09 and its two-hundred day moving average price is $163.41. The company has a quick ratio of 0.70, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The firm has a market cap of $196.66 billion, a P/E ratio of 20.63, a P/E/G ratio of 2.89 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.78 EPS. As a group, research analysts forecast that PepsiCo, Inc. will post 8.34 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

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.