PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Crumly & Associates Inc.

Crumly & Associates Inc. lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,590 shares of the company’s stock after selling 133 shares during the period. Crumly & Associates Inc.’s holdings in PepsiCo were worth $440,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Proquility Private Wealth Partners LLC grew its position in PepsiCo by 1.1% in the 4th quarter. Proquility Private Wealth Partners LLC now owns 5,260 shares of the company’s stock worth $950,000 after purchasing an additional 57 shares during the last quarter. Amplius Wealth Advisors LLC increased its stake in PepsiCo by 2.8% during the fourth quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock valued at $381,000 after acquiring an additional 60 shares during the period. Darwin Wealth Management LLC raised its holdings in PepsiCo by 2.7% in the 3rd quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after acquiring an additional 61 shares in the last quarter. Sugarloaf Wealth Management LLC lifted its position in shares of PepsiCo by 2.6% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after acquiring an additional 61 shares during the period. Finally, Cassia Capital Partners LLC grew its holdings in shares of PepsiCo by 1.5% during the 3rd quarter. Cassia Capital Partners LLC now owns 4,143 shares of the company’s stock worth $702,000 after purchasing an additional 63 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.2 %

Shares of NASDAQ:PEP traded down $0.26 during mid-day trading on Friday, reaching $168.10. The stock had a trading volume of 5,453,736 shares, compared to its average volume of 5,733,164. The firm has a 50 day simple moving average of $168.78 and a two-hundred day simple moving average of $167.41. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The firm has a market cap of $231.06 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 2.64 and a beta of 0.53. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02.

PepsiCo (NASDAQ:PEP) last announced 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 for the quarter, compared to analysts’ expectations of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted $1.67 earnings per share. On average, research analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a $1.265 dividend. The ex-dividend date was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 3.01%. PepsiCo’s dividend payout ratio is presently 77.02%.

Wall Street Analyst Weigh In

Several research analysts recently commented on PEP shares. JPMorgan Chase & Co. cut PepsiCo from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $185.00 to $176.00 in a research report on Tuesday, December 19th. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $180.00 to $195.00 in a report on Monday, February 12th. Wedbush reissued an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a report on Friday, February 9th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.92.

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.