Wellspring Financial Advisors LLC Has $331,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Wellspring Financial Advisors LLC decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 19.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,178 shares of the company’s stock after selling 517 shares during the period. Wellspring Financial Advisors LLC’s holdings in PepsiCo were worth $331,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in PepsiCo during the fourth quarter worth about $2,729,565,000. Raymond James Financial Inc. acquired a new position in shares of PepsiCo during the 4th quarter worth approximately $589,307,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of PepsiCo by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock valued at $3,834,504,000 after buying an additional 3,856,193 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of PepsiCo by 21.1% in the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company’s stock valued at $2,293,049,000 after buying an additional 2,264,445 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in PepsiCo by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company’s stock worth $20,280,471,000 after buying an additional 1,376,133 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $146.61 on Monday. The stock has a market capitalization of $201.05 billion, a PE ratio of 21.09, a P/E/G ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week 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 business has a fifty day moving average price of $149.33 and a two-hundred day moving average price of $156.94.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data 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. The business had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo’s revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.78 earnings per share. As a group, equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced 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 3.70%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo’s payout ratio is presently 77.99%.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of analyst reports. Royal Bank of Canada assumed coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 price objective for the company. Wells Fargo & Company lowered their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Evercore ISI cut their price objective on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. JPMorgan Chase & Co. decreased their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Finally, TD Cowen reduced their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, PepsiCo has a consensus rating of “Hold” and an average price target of $169.88.

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.