PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Tyler Stone Wealth Management

Tyler Stone Wealth Management lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 6.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,395 shares of the company’s stock after selling 394 shares during the quarter. Tyler Stone Wealth Management’s holdings in PepsiCo were worth $820,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Collier Financial purchased a new stake in shares of PepsiCo in the 4th quarter valued at approximately $28,000. Legacy Investment Solutions LLC purchased a new position in PepsiCo in the third quarter valued at $31,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo in the fourth quarter valued at $30,000. Bay Harbor Wealth Management LLC acquired a new position in shares of PepsiCo during the 4th quarter worth about $34,000. Finally, Human Investing LLC purchased a new position in shares of PepsiCo in the 4th quarter valued at about $39,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Down 0.6 %

Shares of NASDAQ PEP opened at $145.54 on Wednesday. The stock has a market capitalization of $199.61 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The firm has a 50-day moving average price of $149.09 and a 200 day moving average price of $158.50. 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 (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS 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 for the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the previous year, the company earned $1.78 EPS. The company’s quarterly revenue was down .2% on a year-over-year basis. Equities research analysts anticipate 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 will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.72%. PepsiCo’s dividend payout ratio is presently 77.99%.

Wall Street Analyst Weigh In

PEP has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. BNP Paribas cut their price target on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Evercore ISI decreased their price objective on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft cut their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Finally, Barclays downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $168.00 to $156.00 in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $169.88.

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.