Titleist Asset Management LLC Sells 443 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Titleist Asset Management LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 12.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,112 shares of the company’s stock after selling 443 shares during the quarter. Titleist Asset Management LLC’s holdings in PepsiCo were worth $473,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Collier Financial bought a new stake in PepsiCo during the fourth quarter worth $28,000. WealthTrak Capital Management LLC purchased a new position in PepsiCo during the 4th quarter worth $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $30,000. Prudent Man Investment Management Inc. bought a new position in shares of PepsiCo during the fourth quarter valued at about $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in PepsiCo during the third quarter worth about $31,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 3.1 %

PEP stock opened at $146.61 on Monday. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The firm has a market capitalization of $201.05 billion, a PE ratio of 21.09, a PEG ratio of 3.09 and a beta of 0.49. 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 stock has a 50-day simple moving average of $149.33 and a two-hundred day simple moving average of $156.94.

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 business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the prior year, the firm posted $1.78 EPS. PepsiCo’s revenue was down .2% on a year-over-year basis. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.70%. PepsiCo’s dividend payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. HSBC dropped their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. TD Cowen cut their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft lowered their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. CICC Research restated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Finally, Evercore ISI lowered their price objective on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, PepsiCo has an average rating of “Hold” and a consensus target price of $169.88.

PepsiCo 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.