Quadrant Capital Group LLC Sells 1,869 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Quadrant Capital Group LLC lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,375 shares of the company’s stock after selling 1,869 shares during the quarter. Quadrant Capital Group LLC’s holdings in PepsiCo were worth $2,338,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Howard Capital Management Group LLC grew its position in PepsiCo by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after purchasing an additional 90 shares during the last quarter. Morse Asset Management Inc acquired a new stake in shares of PepsiCo during the third quarter worth $996,000. Quarry LP increased its position in shares of PepsiCo by 15.5% in the 3rd quarter. Quarry LP now owns 1,030 shares of the company’s stock valued at $175,000 after acquiring an additional 138 shares during the period. Voya Financial Advisors Inc. raised its stake in PepsiCo by 19.5% in the 3rd quarter. Voya Financial Advisors Inc. now owns 3,189 shares of the company’s stock worth $542,000 after acquiring an additional 521 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its position in PepsiCo by 6.3% during the 3rd quarter. EP Wealth Advisors LLC now owns 352,809 shares of the company’s stock worth $59,995,000 after acquiring an additional 20,840 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on PEP shares. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. BNP Paribas decreased their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Barclays lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $168.00 to $156.00 in a report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. reduced their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo has an average rating of “Hold” and an average target price of $169.88.

PepsiCo Stock Down 3.1 %

PEP stock opened at $146.61 on Friday. The stock has a market capitalization of $201.05 billion, a P/E ratio of 21.09, a P/E/G ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The firm has a 50-day simple moving average of $149.33 and a 200-day simple moving average of $157.07. 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 (NASDAQ:PEP) last announced 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. The business had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.78 earnings per share. Equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) 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.