Cromwell Holdings LLC Sells 232 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Cromwell Holdings LLC lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,942 shares of the company’s stock after selling 232 shares during the period. Cromwell Holdings LLC’s holdings in PepsiCo were worth $452,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Highline Wealth Partners LLC bought a new position in shares of PepsiCo during the third quarter valued at $28,000. Collier Financial purchased a new stake in PepsiCo during the 4th quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new stake in PepsiCo during the 3rd quarter valued at about $31,000. Rakuten Securities Inc. raised its holdings in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after buying an additional 96 shares during the last quarter. Finally, Creative Capital Management Investments LLC bought a new position in shares of PepsiCo in the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PEP. Evercore ISI reduced their price target on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Citigroup decreased their target price on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Finally, TD Cowen dropped their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $171.47.

PepsiCo Trading Up 2.3 %

Shares of PepsiCo stock opened at $149.10 on Friday. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The company’s fifty day simple moving average is $148.94 and its 200-day simple moving average is $162.49. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a market capitalization of $204.49 billion, a PE ratio of 21.45, a P/E/G ratio of 3.02 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the previous year, the company posted $1.78 earnings per share. PepsiCo’s revenue for the quarter was down .2% on a year-over-year basis. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.31 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

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.