PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Rathbones Group PLC

Rathbones Group PLC lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 8.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 511,949 shares of the company’s stock after selling 45,177 shares during the quarter. Rathbones Group PLC’s holdings in PepsiCo were worth $77,847,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Howard Capital Management Group LLC raised its holdings in shares of PepsiCo by 2.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after purchasing an additional 90 shares in the last quarter. Morse Asset Management Inc purchased a new stake in shares of PepsiCo during the 3rd quarter worth approximately $996,000. iSAM Funds UK Ltd acquired a new position in shares of PepsiCo in the 3rd quarter valued at $347,000. Dunhill Financial LLC raised its stake in PepsiCo by 8.8% during the 3rd quarter. Dunhill Financial LLC now owns 1,813 shares of the company’s stock worth $308,000 after acquiring an additional 146 shares in the last quarter. Finally, Legacy Investment Solutions LLC acquired a new position in PepsiCo in the third quarter valued at $31,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

PepsiCo stock opened at $146.61 on Monday. The firm’s 50-day moving average is $149.33 and its two-hundred day moving average is $156.94. 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 stock has a market capitalization of $201.05 billion, a P/E ratio of 21.09, a P/E/G ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion during 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%. PepsiCo’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.78 EPS. Equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.70%. The ex-dividend date was Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Analyst Ratings Changes

A number of brokerages have recently commented on PEP. Wells Fargo & Company cut their target price on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Evercore ISI reduced their price objective on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. dropped their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.