IFG Advisory LLC Sells 222 Shares of PepsiCo, Inc. (NASDAQ:PEP)

IFG Advisory LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,138 shares of the company’s stock after selling 222 shares during the quarter. IFG Advisory LLC’s holdings in PepsiCo were worth $1,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. DHJJ Financial Advisors Ltd. purchased a new position in PepsiCo in the third quarter worth $25,000. Pacifica Partners Inc. purchased a new stake in PepsiCo during the third quarter valued at about $27,000. West Tower Group LLC purchased a new stake in PepsiCo during the second quarter valued at about $36,000. VitalStone Financial LLC purchased a new stake in PepsiCo during the second quarter valued at about $46,000. Finally, Pacific Center for Financial Services purchased a new stake in PepsiCo during the first quarter valued at about $47,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

PEP stock traded up $0.72 on Wednesday, hitting $173.45. The company had a trading volume of 1,334,364 shares, compared to its average volume of 5,884,886. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. The stock’s 50-day simple moving average is $167.83 and its 200 day simple moving average is $167.98. The stock has a market cap of $238.41 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 2.70 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Friday, February 9th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.72 by $0.06. The firm had revenue of $27.84 billion for the quarter, compared to the consensus estimate of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The company’s revenue was down .6% on a year-over-year basis. During the same period last year, the firm earned $1.67 EPS. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 1st will be issued a $1.265 dividend. The ex-dividend date is Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.92%. PepsiCo’s dividend payout ratio is currently 77.02%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PEP. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $180.00 price objective on shares of PepsiCo in a research note on Monday, February 12th. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research note on Monday, March 18th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and increased their price target for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.77.

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.