PepsiCo, Inc. (NASDAQ:PEP) Stock Position Decreased by Dillon & Associates Inc.

Dillon & Associates Inc. lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71,113 shares of the company’s stock after selling 610 shares during the period. PepsiCo accounts for approximately 1.5% of Dillon & Associates Inc.’s holdings, making the stock its 22nd biggest position. Dillon & Associates Inc.’s holdings in PepsiCo were worth $10,809,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Collier Financial acquired a new position in PepsiCo during the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo during the 4th quarter valued at about $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo in the 3rd quarter worth approximately $31,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo in the 4th quarter worth approximately $34,000. Finally, Human Investing LLC acquired a new stake in shares of PepsiCo in the 4th quarter worth approximately $39,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 1.2 %

Shares of NASDAQ:PEP opened at $145.45 on Monday. The firm has a fifty day moving average of $149.04 and a two-hundred day moving average of $158.96. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The firm has a market capitalization of $199.48 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the previous year, the company posted $1.78 earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

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 given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is currently 77.99%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PEP shares. Citigroup reduced their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. HSBC reduced their price target on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Barclays downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $168.00 to $156.00 in a report on Tuesday, March 18th. Finally, Royal Bank of Canada began coverage on shares of PepsiCo in a report on Tuesday, February 4th. They issued a $172.00 target price on the stock. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo currently has an average rating of “Hold” and a consensus target price of $169.88.

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.