PepsiCo, Inc. (NASDAQ:PEP) Stock Position Cut by Monetary Management Group Inc.

Monetary Management Group Inc. trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 26,321 shares of the company’s stock after selling 1,655 shares during the period. PepsiCo makes up about 1.0% of Monetary Management Group Inc.’s holdings, making the stock its 15th largest position. Monetary Management Group Inc.’s holdings in PepsiCo were worth $4,002,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Coign Capital Advisors LLC acquired a new stake in PepsiCo in the 4th quarter valued at about $1,213,000. Heritage Trust Co bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $3,157,000. Zuckerman Investment Group LLC boosted its holdings in PepsiCo by 17.8% during the fourth quarter. Zuckerman Investment Group LLC now owns 16,282 shares of the company’s stock worth $2,447,000 after buying an additional 2,457 shares in the last quarter. Treasurer of the State of North Carolina grew its position in PepsiCo by 0.8% in the fourth quarter. Treasurer of the State of North Carolina now owns 623,313 shares of the company’s stock worth $94,781,000 after buying an additional 5,020 shares during the last quarter. Finally, Redwood Park Advisors LLC bought a new position in shares of PepsiCo in the fourth quarter valued at $73,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PEP. Barclays cut PepsiCo from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $168.00 to $156.00 in a report on Tuesday, March 18th. Citigroup dropped their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. HSBC reduced their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and an average target price of $169.88.

PepsiCo Stock Performance

Shares of PEP stock opened at $144.14 on Friday. The firm has a market cap of $197.66 billion, a P/E ratio of 20.74, a PEG ratio of 3.09 and a beta of 0.49. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a fifty-two week low of $138.33 and a fifty-two week high of $183.41. The stock’s 50-day moving average is $148.35 and its two-hundred day moving average is $155.95.

PepsiCo (NASDAQ:PEP) last issued 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. 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 for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $1.78 earnings per share. Analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.76%. The ex-dividend date was Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

PepsiCo Company 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.