PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Hardy Reed LLC

Hardy Reed LLC trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 7.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,909 shares of the company’s stock after selling 151 shares during the quarter. Hardy Reed LLC’s holdings in PepsiCo were worth $290,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PEP. Advyzon Investment Management LLC purchased a new stake in PepsiCo in the fourth quarter valued at approximately $284,000. Handelsbanken Fonder AB lifted its stake in PepsiCo by 9.1% in the fourth quarter. Handelsbanken Fonder AB now owns 571,653 shares of the company’s stock valued at $86,926,000 after buying an additional 47,853 shares during the last quarter. Mcdaniel Terry & Co. lifted its stake in PepsiCo by 4.9% in the fourth quarter. Mcdaniel Terry & Co. now owns 182,145 shares of the company’s stock valued at $27,697,000 after buying an additional 8,452 shares during the last quarter. Sunpointe LLC lifted its stake in PepsiCo by 32.0% in the fourth quarter. Sunpointe LLC now owns 2,272 shares of the company’s stock valued at $349,000 after buying an additional 551 shares during the last quarter. Finally, LMG Wealth Partners LLC lifted its stake in PepsiCo by 3.3% in the fourth quarter. LMG Wealth Partners LLC now owns 47,164 shares of the company’s stock valued at $7,172,000 after buying an additional 1,511 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Up 1.2 %

PepsiCo stock opened at $145.81 on Thursday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm has a market capitalization of $199.98 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 2.97 and a beta of 0.54. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The stock’s fifty day moving average is $149.16 and its two-hundred day moving average is $162.60.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo’s revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.78 earnings per share. Analysts predict that PepsiCo, Inc. will post 8.34 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is currently 77.99%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PEP shares. Royal Bank of Canada started coverage on PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 price target for the company. Barclays cut their price target on PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. TD Cowen cut their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Morgan Stanley cut their price target on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, Evercore ISI cut their price objective on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $171.47.

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.