PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Wedgewood Investors Inc. PA

Wedgewood Investors Inc. PA lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,111 shares of the company’s stock after selling 150 shares during the period. Wedgewood Investors Inc. PA’s holdings in PepsiCo were worth $625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in PEP. AMF Tjanstepension AB boosted its position in shares of PepsiCo by 15.8% during the 3rd quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock worth $50,016,000 after purchasing an additional 40,031 shares during the period. Swedbank AB grew its stake in shares of PepsiCo by 211.4% in the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock valued at $398,847,000 after buying an additional 1,592,343 shares in the last quarter. Marshall Financial Group LLC purchased a new stake in shares of PepsiCo in the 3rd quarter valued at $520,000. Secure Asset Management LLC lifted its stake in PepsiCo by 58.9% during the 3rd quarter. Secure Asset Management LLC now owns 2,691 shares of the company’s stock worth $458,000 after acquiring an additional 997 shares in the last quarter. Finally, Howard Capital Management Group LLC grew its position in PepsiCo by 2.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after acquiring an additional 90 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Down 0.8 %

Shares of NASDAQ PEP opened at $143.39 on Friday. The business has a 50-day moving average price of $149.80 and a 200 day moving average price of $163.20. The stock has a market cap of $196.66 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) 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 period last year, the firm posted $1.78 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts forecast that PepsiCo, Inc. will post 8.34 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Evercore ISI lowered their price objective on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Wells Fargo & Company reduced their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, HSBC lowered their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $171.47.

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.