PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 897,170 shares of the company’s stock after selling 7,683 shares during the period. PepsiCo accounts for approximately 1.9% of Confluence Investment Management LLC’s holdings, making the stock its 14th largest holding. Confluence Investment Management LLC’s holdings in PepsiCo were worth $136,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its position in PepsiCo by 0.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 118,078 shares of the company’s stock worth $19,475,000 after purchasing an additional 590 shares during the last quarter. Founders Financial Securities LLC grew its position in PepsiCo by 136.9% in the second quarter. Founders Financial Securities LLC now owns 5,990 shares of the company’s stock worth $988,000 after acquiring an additional 3,462 shares during the period. Absher Wealth Management LLC increased its stake in PepsiCo by 6.6% during the second quarter. Absher Wealth Management LLC now owns 197,203 shares of the company’s stock worth $32,525,000 after acquiring an additional 12,208 shares during the last quarter. First National Trust Co lifted its stake in shares of PepsiCo by 19.8% in the 2nd quarter. First National Trust Co now owns 101,959 shares of the company’s stock valued at $16,816,000 after purchasing an additional 16,848 shares during the last quarter. Finally, Mascoma Wealth Management LLC grew its holdings in shares of PepsiCo by 15.3% during the 2nd quarter. Mascoma Wealth Management LLC now owns 2,517 shares of the company’s stock worth $415,000 after purchasing an additional 334 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.1 %

Shares of NASDAQ:PEP traded down $0.09 on Thursday, hitting $151.97. 812,128 shares of the company’s stock were exchanged, compared to its average volume of 5,585,426. The company has a market capitalization of $208.50 billion, a PE ratio of 22.41, a P/E/G ratio of 2.94 and a beta of 0.52. PepsiCo, Inc. has a 1-year low of $149.71 and a 1-year high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The firm’s 50-day moving average is $160.39 and its 200 day moving average is $167.49.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. During the same quarter last year, the company posted $2.25 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year. Sell-side analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 6th will be issued a $1.355 dividend. The ex-dividend date is Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.57%. PepsiCo’s payout ratio is 79.94%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PEP. JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft raised shares of PepsiCo from a “hold” rating to a “buy” rating and increased their price objective for the stock from $179.00 to $184.00 in a research report on Thursday, December 12th. Royal Bank of Canada decreased their price target on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research note on Friday, October 4th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $184.31.

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.