Glenview Trust co Reduces Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Glenview Trust co cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 87,791 shares of the company’s stock after selling 1,996 shares during the quarter. Glenview Trust co’s holdings in PepsiCo were worth $13,349,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Collier Financial purchased a new stake in shares of PepsiCo in the fourth quarter worth about $28,000. Creative Capital Management Investments LLC bought a new stake in PepsiCo during the 4th quarter worth approximately $30,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the 3rd quarter valued at $31,000. Bay Harbor Wealth Management LLC purchased a new position in shares of PepsiCo during the 4th quarter valued at $34,000. Finally, Human Investing LLC purchased a new stake in shares of PepsiCo in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on PEP. Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the stock from $171.00 to $170.00 in a research note on Wednesday. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Barclays increased their price target on shares of PepsiCo from $153.00 to $168.00 and gave the stock an “overweight” rating in a report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft cut their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Finally, BNP Paribas lowered their price target on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average target price of $170.59.

PepsiCo Trading Up 0.2 %

NASDAQ:PEP opened at $148.59 on Friday. The firm has a market capitalization of $203.79 billion, a P/E ratio of 21.38, a P/E/G ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a fifty day moving average of $148.76 and a 200 day moving average of $159.99.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same period in the prior year, the business posted $1.78 earnings per share. PepsiCo’s revenue for the quarter was down .2% on a year-over-year basis. On average, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.65%. PepsiCo’s dividend payout ratio is presently 77.99%.

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.