Sabal Trust CO Reduces Position in PepsiCo, Inc. (NASDAQ:PEP)

Sabal Trust CO reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.5% during the 4th quarter, HoldingsChannel reports. The firm owned 153,140 shares of the company’s stock after selling 797 shares during the quarter. Sabal Trust CO’s holdings in PepsiCo were worth $23,286,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Highline Wealth Partners LLC acquired a new position in PepsiCo during the third quarter worth $28,000. Collier Financial acquired a new position in shares of PepsiCo during the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $30,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo during the third quarter worth about $31,000. Finally, Rakuten Securities Inc. boosted its holdings in PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on PEP. Morgan Stanley cut their price objective on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Piper Sandler initiated coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Wells Fargo & Company lowered their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, HSBC cut their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $171.47.

PepsiCo Stock Up 1.7 %

PepsiCo stock opened at $156.42 on Wednesday. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The stock has a market cap of $214.53 billion, a PE ratio of 22.51, a P/E/G ratio of 3.09 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock’s fifty day moving average is $148.62 and its two-hundred day moving average is $161.87.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the prior year, the company posted $1.78 earnings per share. The firm’s quarterly revenue was down .2% compared to the same quarter last year. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.47%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

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.