NewEdge Advisors LLC Lowers Stake in PepsiCo, Inc. (NASDAQ:PEP)

NewEdge Advisors LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,683 shares of the company’s stock after selling 2,620 shares during the period. NewEdge Advisors LLC’s holdings in PepsiCo were worth $29,603,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its stake in PepsiCo by 104.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company’s stock valued at $259,350,000 after buying an additional 870,451 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV lifted its position in shares of PepsiCo by 12.8% in the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company’s stock valued at $6,323,000 after acquiring an additional 4,712 shares in the last quarter. Guinness Asset Management LTD boosted its stake in shares of PepsiCo by 5.2% in the fourth quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company’s stock worth $188,031,000 after acquiring an additional 61,541 shares during the last quarter. WCM Investment Management LLC grew its stake in PepsiCo by 147.6% during the 4th quarter. WCM Investment Management LLC now owns 14,692 shares of the company’s stock valued at $2,229,000 after acquiring an additional 8,759 shares in the last quarter. Finally, Everence Capital Management Inc. increased its holdings in shares of PepsiCo by 48.2% in the fourth quarter. Everence Capital Management Inc. now owns 56,089 shares of the company’s stock valued at $8,529,000 after purchasing an additional 18,250 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ PEP opened at $140.09 on Thursday. The company has a fifty day moving average of $148.25 and a two-hundred day moving average of $155.32. 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 $138.33 and a 1 year high of $183.41. The company has a market capitalization of $192.11 billion, a PE ratio of 20.16, a P/E/G ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.78 earnings per share. As a group, analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date was Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PEP. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft reduced their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. CICC Research restated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Bank of America reaffirmed a “neutral” rating and set a $155.00 target price (down previously from $185.00) on shares of PepsiCo in a research note on Tuesday. Finally, Barclays cut PepsiCo from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $168.00 to $156.00 in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $168.12.

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.