HS Management Partners LLC Has $64.18 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

HS Management Partners LLC trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.8% in the fourth quarter, Holdings Channel reports. The fund owned 422,051 shares of the company’s stock after selling 25,805 shares during the period. PepsiCo accounts for about 4.4% of HS Management Partners LLC’s portfolio, making the stock its 12th biggest position. HS Management Partners LLC’s holdings in PepsiCo were worth $64,177,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Collier Financial acquired a new position in PepsiCo in the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo in the fourth quarter valued at about $30,000. Legacy Investment Solutions LLC acquired a new position in PepsiCo in the third quarter valued at about $31,000. Rakuten Securities Inc. lifted its holdings in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC bought a new stake in shares of PepsiCo in the fourth quarter valued at about $34,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $153.88 on Thursday. The business’s 50 day moving average price is $148.73 and its two-hundred day moving average price is $161.14. The company has a market cap of $211.05 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.78 earnings per share. On average, analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PEP. Wells Fargo & Company cut their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. JPMorgan Chase & Co. cut their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Citigroup cut their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Finally, HSBC cut their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average target price of $171.47.

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.