PepsiCo, Inc. (NASDAQ:PEP) Position Cut by Martin & Co. Inc. TN

Martin & Co. Inc. TN reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,006 shares of the company’s stock after selling 328 shares during the period. Martin & Co. Inc. TN’s holdings in PepsiCo were worth $1,217,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Human Investing LLC acquired a new position in PepsiCo during the fourth quarter worth about $39,000. NTV Asset Management LLC increased its stake in PepsiCo by 3.1% in the 4th quarter. NTV Asset Management LLC now owns 37,440 shares of the company’s stock worth $5,693,000 after purchasing an additional 1,127 shares in the last quarter. Sanctuary Advisors LLC increased its stake in PepsiCo by 0.8% in the 4th quarter. Sanctuary Advisors LLC now owns 264,331 shares of the company’s stock worth $40,152,000 after purchasing an additional 2,064 shares in the last quarter. KLCM Advisors Inc. increased its stake in PepsiCo by 252.9% in the 4th quarter. KLCM Advisors Inc. now owns 21,437 shares of the company’s stock worth $3,260,000 after purchasing an additional 15,362 shares in the last quarter. Finally, Americana Partners LLC increased its stake in PepsiCo by 119.8% in the 4th quarter. Americana Partners LLC now owns 114,089 shares of the company’s stock worth $17,348,000 after purchasing an additional 62,191 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 0.8 %

PEP opened at $143.39 on Monday. The business has a 50 day moving average price of $149.80 and a 200 day moving average price of $163.06. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.70 and a current ratio of 0.82. The firm has a market cap of $196.66 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion for 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%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the business posted $1.78 EPS. Research analysts forecast that PepsiCo, Inc. will post 8.34 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.78%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. BNP Paribas lowered their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Morgan Stanley lowered their target price on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Evercore ISI lowered their target price on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Finally, Citigroup lowered their target price on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $171.47.

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.