Ceeto Capital Group LLC Has $1.65 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Ceeto Capital Group LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.4% during the 4th quarter, HoldingsChannel reports. The firm owned 10,774 shares of the company’s stock after selling 500 shares during the period. Ceeto Capital Group LLC’s holdings in PepsiCo were worth $1,653,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC lifted its position in shares of PepsiCo by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after buying an additional 90 shares during the last quarter. Morse Asset Management Inc bought a new position in PepsiCo during the 3rd quarter worth $996,000. Invst LLC increased its position in shares of PepsiCo by 4.6% during the third quarter. Invst LLC now owns 3,003 shares of the company’s stock worth $511,000 after buying an additional 133 shares during the period. Virtu Financial LLC acquired a new position in shares of PepsiCo in the 3rd quarter valued at about $1,611,000. Finally, Te Ahumairangi Investment Management Ltd grew its position in shares of PepsiCo by 3.4% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 16,624 shares of the company’s stock worth $2,811,000 after buying an additional 550 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PEP shares. HSBC lowered their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. CICC Research reissued a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. BNP Paribas reduced their price target on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft decreased their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Finally, Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and reduced their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. 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. According to data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and a consensus price target of $169.88.

PepsiCo Trading Up 0.2 %

NASDAQ PEP opened at $144.43 on Friday. The firm has a market cap of $198.06 billion, a PE ratio of 20.78, 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. 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 50 day moving average price of $148.37 and a 200 day moving average price of $155.78.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping 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 quarter last year, the company earned $1.78 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.75%. The ex-dividend date was Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

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.