Sage Mountain Advisors LLC Reduces Position in PepsiCo, Inc. (NASDAQ:PEP)

Sage Mountain Advisors LLC cut its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.5% during the fourth quarter, HoldingsChannel reports. The firm owned 8,070 shares of the company’s stock after selling 376 shares during the quarter. Sage Mountain Advisors LLC’s holdings in PepsiCo were worth $1,227,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Collier Financial purchased a new stake in shares of PepsiCo in the 4th quarter valued at approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of PepsiCo in the 3rd quarter valued at approximately $31,000. Rakuten Securities Inc. increased its position in shares of 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. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo in the 4th quarter valued at approximately $30,000. Finally, Bay Harbor Wealth Management LLC purchased a new position in shares of PepsiCo in the 4th quarter valued at $34,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Up 1.2 %

PEP stock opened at $156.25 on Tuesday. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The stock has a market capitalization of $214.30 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. 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 company has a fifty day moving average of $148.89 and a 200-day moving average of $160.62.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter last year, the business earned $1.78 EPS. The business’s revenue was down .2% on a year-over-year basis. As a group, analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

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 $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PEP shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Citigroup dropped their target price on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Evercore ISI dropped their target price on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Finally, TD Cowen dropped their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $172.35.

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.