PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Iron Gate Global Advisors LLC

Iron Gate Global Advisors LLC trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 6.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,348 shares of the company’s stock after selling 804 shares during the period. Iron Gate Global Advisors LLC’s holdings in PepsiCo were worth $1,878,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Collier Financial purchased a new position in PepsiCo in the 4th quarter valued at about $28,000. WealthTrak Capital Management LLC acquired a new stake in PepsiCo during the fourth quarter worth approximately $28,000. Creative Capital Management Investments LLC purchased a new stake in PepsiCo in the 4th quarter worth approximately $30,000. Prudent Man Investment Management Inc. purchased a new stake in shares of PepsiCo in the fourth quarter valued at $30,000. Finally, Summit Securities Group LLC purchased a new position in PepsiCo during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PEP stock opened at $142.84 on Wednesday. PepsiCo, Inc. has a twelve month low of $138.33 and a twelve month high of $183.41. The company has a market capitalization of $195.88 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The firm has a fifty day simple moving average of $148.34 and a 200-day simple moving average of $155.43.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating 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 company had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same period last year, the firm earned $1.78 earnings per share. The company’s revenue was down .2% on a year-over-year basis. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.79%. The ex-dividend date was Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. TD Cowen lowered their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and cut their target price for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Finally, Morgan Stanley dropped their price target on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $168.12.

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.