PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Colonial Trust Advisors

Colonial Trust Advisors lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 89,696 shares of the company’s stock after selling 3,678 shares during the quarter. PepsiCo comprises 1.2% of Colonial Trust Advisors’ portfolio, making the stock its 25th largest position. Colonial Trust Advisors’ holdings in PepsiCo were worth $13,639,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Collier Financial bought a new position in PepsiCo during the 4th quarter worth approximately $28,000. WealthTrak Capital Management LLC bought a new position in PepsiCo during the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC bought a new position in PepsiCo during the 4th quarter worth approximately $30,000. Prudent Man Investment Management Inc. bought a new position in PepsiCo during the 4th quarter worth approximately $30,000. Finally, Summit Securities Group LLC bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PEP. Morgan Stanley cut their price target on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. HSBC cut their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft cut 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. TD Cowen cut their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, BNP Paribas cut their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $169.88.

PepsiCo Trading Up 3.8 %

PepsiCo stock opened at $145.59 on Thursday. The firm has a 50-day moving average of $148.47 and a 200-day moving average of $156.13. PepsiCo, Inc. has a one year low of $138.33 and a one year high of $183.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The company has a market cap of $199.65 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 3.09 and a beta of 0.49.

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

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors 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 3.72%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

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.