Mill Capital Management LLC Has $854,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Mill Capital Management LLC cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,617 shares of the company’s stock after selling 115 shares during the quarter. Mill Capital Management LLC’s holdings in PepsiCo were worth $854,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Crowley Wealth Management Inc. acquired a new position in shares of PepsiCo during the 4th quarter worth approximately $246,000. Vanguard Group Inc. boosted its stake in PepsiCo by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company’s stock valued at $20,280,471,000 after purchasing an additional 1,376,133 shares during the period. Community Bank N.A. boosted its stake in PepsiCo by 0.9% in the 4th quarter. Community Bank N.A. now owns 62,736 shares of the company’s stock valued at $9,540,000 after purchasing an additional 535 shares during the period. Napatree Capital LLC boosted its stake in PepsiCo by 18.3% in the 4th quarter. Napatree Capital LLC now owns 4,185 shares of the company’s stock valued at $636,000 after purchasing an additional 648 shares during the period. Finally, Stevens Capital Management LP boosted its stake in PepsiCo by 791.9% in the 4th quarter. Stevens Capital Management LP now owns 24,322 shares of the company’s stock valued at $3,698,000 after purchasing an additional 21,595 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of PEP opened at $145.45 on Monday. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The business has a 50-day simple moving average of $149.04 and a two-hundred day simple moving average of $158.96. 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 market cap of $199.48 billion, a PE ratio of 20.93, a PEG ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last issued 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 return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter in the prior year, the firm earned $1.78 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.73%. PepsiCo’s payout ratio is presently 77.99%.

Wall Street Analysts Forecast Growth

PEP has been the subject of several recent research reports. BNP Paribas reduced their price target on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. JPMorgan Chase & Co. cut their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Evercore ISI cut their target price on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Barclays downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $168.00 to $156.00 in a research report on Tuesday, March 18th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target 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.