FLC Capital Advisors Sells 825 Shares of PepsiCo, Inc. (NASDAQ:PEP)

FLC Capital Advisors trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 16.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,291 shares of the company’s stock after selling 825 shares during the quarter. FLC Capital Advisors’ holdings in PepsiCo were worth $729,000 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 recently modified their holdings of PEP. Mirae Asset Global Investments Co. Ltd. grew its position in PepsiCo by 34.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,128,044 shares of the company’s stock valued at $188,812,000 after buying an additional 286,169 shares during the period. AMI Investment Management Inc. boosted its stake in PepsiCo by 0.7% during the first quarter. AMI Investment Management Inc. now owns 16,627 shares of the company’s stock valued at $2,783,000 after buying an additional 113 shares during the period. Mather Group LLC. grew its position in PepsiCo by 29.3% in the first quarter. Mather Group LLC. now owns 5,562 shares of the company’s stock worth $931,000 after acquiring an additional 1,262 shares in the last quarter. Wsfs Capital Management LLC lifted its holdings in shares of PepsiCo by 117.2% in the 1st quarter. Wsfs Capital Management LLC now owns 2,995 shares of the company’s stock worth $501,000 after acquiring an additional 1,616 shares during the last quarter. Finally, Equitable Holdings Inc. lifted its position in PepsiCo by 8.5% in the first quarter. Equitable Holdings Inc. now owns 26,909 shares of the company’s stock valued at $4,504,000 after purchasing an additional 2,116 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PEP. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and raised their price target for the company from $180.00 to $195.00 in a report on Monday, February 12th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Royal Bank of Canada restated a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a research report on Monday, February 12th. Morgan Stanley upgraded 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. Finally, JPMorgan Chase & Co. downgraded PepsiCo from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $185.00 to $176.00 in a research note on Tuesday, December 19th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo presently has an average rating of “Moderate Buy” and an average target price of $187.77.

PepsiCo Price Performance

Shares of NASDAQ PEP traded up $1.44 during mid-day trading on Thursday, reaching $175.01. 5,623,770 shares of the company traded hands, compared to its average volume of 5,941,032. The stock has a fifty day simple moving average of $167.96 and a 200-day simple moving average of $167.95. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68. The firm has a market cap of $240.55 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 2.70 and a beta of 0.53. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88.

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

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 1st will be issued a dividend of $1.265 per share. This represents a $5.06 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Thursday, February 29th. PepsiCo’s payout ratio is 77.02%.

PepsiCo Company 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.