PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Avalon Capital Management

Avalon Capital Management lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 31.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,108 shares of the company’s stock after selling 950 shares during the quarter. Avalon Capital Management’s holdings in PepsiCo were worth $321,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB lifted its holdings in PepsiCo by 15.8% in the 3rd quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock valued at $50,016,000 after purchasing an additional 40,031 shares in the last quarter. Swedbank AB raised its holdings in shares of PepsiCo by 211.4% during the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after acquiring an additional 1,592,343 shares during the period. Howard Capital Management Group LLC raised its holdings 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 acquiring an additional 90 shares during the period. J.W. Cole Advisors Inc. raised its holdings in shares of PepsiCo by 18.1% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 24,071 shares of the company’s stock worth $4,093,000 after acquiring an additional 3,688 shares during the period. Finally, Peterson Wealth Advisors LLC purchased a new position in shares of PepsiCo during the 3rd quarter worth $204,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on PEP shares. Royal Bank of Canada started coverage on shares of PepsiCo in a report on Tuesday, February 4th. They issued a $172.00 price objective on the stock. Barclays dropped their target price on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. HSBC dropped their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. 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. Finally, BNP Paribas dropped their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $171.47.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $153.85 on Tuesday. The company has a market cap of $211.01 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 3.09 and a beta of 0.54. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. 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 company has a 50-day simple moving average of $148.61 and a 200-day simple moving average of $161.98.

PepsiCo (NASDAQ:PEP) last released its 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 net margin of 10.43% and a return on equity of 58.87%. 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 previous year, the firm earned $1.78 earnings per share. PepsiCo’s revenue was down .2% compared to the same quarter last year. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued 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 3.52%. 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.