CIBC Private Wealth Group LLC Sells 84,017 Shares of PepsiCo, Inc. (NASDAQ:PEP)

CIBC Private Wealth Group LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,285,181 shares of the company’s stock after selling 84,017 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.17% of PepsiCo worth $334,870,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Collier Financial purchased a new stake in PepsiCo in the 4th quarter worth approximately $28,000. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo in the fourth quarter worth $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo in the fourth quarter worth $30,000. Legacy Investment Solutions LLC bought a new stake in PepsiCo during the third quarter valued at $31,000. Finally, Summit Securities Group LLC purchased a new position in PepsiCo during the fourth quarter worth about $33,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $149.27 on Friday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The company’s 50-day moving average is $149.25 and its 200 day moving average is $158.03. The stock has a market capitalization of $204.72 billion, a P/E ratio of 21.48, a P/E/G ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the prior year, the company earned $1.78 EPS. The business’s revenue was down .2% compared to the same quarter last year. On average, sell-side analysts expect 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. Stockholders of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is presently 77.99%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PEP shares. HSBC dropped their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. cut their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Jefferies Financial Group downgraded PepsiCo from a “buy” rating to a “hold” rating and lowered their price target for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. Finally, Wells Fargo & Company decreased their price objective on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. One 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. According to MarketBeat, the stock presently has a consensus 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.