Legacy Financial Advisors Inc. Lowers Position in PepsiCo, Inc. (NASDAQ:PEP)

Legacy Financial Advisors Inc. cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 15.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,985 shares of the company’s stock after selling 1,442 shares during the period. Legacy Financial Advisors Inc.’s holdings in PepsiCo were worth $1,214,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Redwood Park Advisors LLC purchased a new position in shares of PepsiCo in the fourth quarter valued at about $73,000. Kelman Lazarov Inc. increased its stake in PepsiCo by 5.4% during the fourth quarter. Kelman Lazarov Inc. now owns 1,643 shares of the company’s stock worth $250,000 after acquiring an additional 84 shares during the last quarter. Phoenix Financial Ltd. grew its stake in shares of PepsiCo by 9.3% during the fourth quarter. Phoenix Financial Ltd. now owns 31,168 shares of the company’s stock valued at $4,748,000 after buying an additional 2,659 shares during the last quarter. CenterBook Partners LP boosted its holdings in shares of PepsiCo by 280.3% in the fourth quarter. CenterBook Partners LP now owns 54,763 shares of the company’s stock valued at $8,327,000 after purchasing an additional 40,363 shares during the period. Finally, APG Asset Management N.V. boosted its holdings in shares of PepsiCo by 292.9% in the fourth quarter. APG Asset Management N.V. now owns 1,559,081 shares of the company’s stock valued at $228,946,000 after purchasing an additional 1,162,315 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of PEP opened at $145.59 on Thursday. The stock has a 50 day moving average price of $148.47 and a 200 day moving average price of $156.13. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $199.65 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 52-week low of $138.33 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data 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. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business 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 earned $1.78 earnings per share. The company’s revenue was down .2% compared to the same quarter last year. Research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PEP shares. TD Cowen dropped their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Evercore ISI cut their target price on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Royal Bank of Canada initiated coverage on shares of PepsiCo in a report on Tuesday, February 4th. They set a $172.00 target price for the company. Finally, Citigroup cut their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus target price of $169.88.

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.