Resonant Capital Advisors LLC Trims Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Resonant Capital Advisors LLC lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,565 shares of the company’s stock after selling 529 shares during the quarter. Resonant Capital Advisors LLC’s holdings in PepsiCo were worth $3,343,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. LFA Lugano Financial Advisors SA raised its stake in shares of PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares during the last quarter. Life Planning Partners Inc purchased a new position in PepsiCo in the fourth quarter worth $34,000. Avion Wealth raised its position in PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after acquiring an additional 92 shares in the last quarter. Financial Connections Group Inc. purchased a new position in PepsiCo in the fourth quarter worth $44,000. Finally, Pacific Center for Financial Services purchased a new position in PepsiCo in the first quarter worth $47,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

PepsiCo stock traded up $1.80 during mid-day trading on Friday, hitting $174.07. 3,953,918 shares of the company’s stock traded hands, compared to its average volume of 5,697,427. The firm has a 50 day moving average price of $168.55 and a 200 day moving average price of $167.42. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The company has a market cap of $239.26 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 2.66 and a beta of 0.53. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The company had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. During the same period in the previous year, the firm earned $1.67 earnings per share. PepsiCo’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a $1.265 dividend. The ex-dividend date was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.91%. PepsiCo’s dividend payout ratio (DPR) is currently 77.02%.

Analyst Upgrades and Downgrades

PEP has been the topic of several research reports. Jefferies Financial Group upped their target price on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. Wedbush reissued an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a report on Friday, February 9th. Barclays upped their target price on PepsiCo from $183.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, April 12th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Finally, Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.