PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Kozak & Associates Inc.

Kozak & Associates Inc. trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 24.5% in the fourth quarter, Holdings Channel reports. The fund owned 407 shares of the company’s stock after selling 132 shares during the period. Kozak & Associates Inc.’s holdings in PepsiCo were worth $61,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Wealth Strategies & Associates raised its stake in shares of PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after purchasing an additional 59 shares during the period. Cross Staff Investments Inc grew its position in shares of PepsiCo by 0.9% in the third quarter. Cross Staff Investments Inc now owns 7,080 shares of the company’s stock valued at $1,204,000 after purchasing an additional 60 shares during the last quarter. Paulson Wealth Management Inc. raised its position in shares of PepsiCo by 2.1% in the third quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company’s stock valued at $508,000 after buying an additional 60 shares in the last quarter. LCM Capital Management Inc raised its holdings in shares of PepsiCo by 0.8% during the 3rd quarter. LCM Capital Management Inc now owns 7,573 shares of the company’s stock worth $1,288,000 after buying an additional 62 shares in the last quarter. Finally, Demars Financial Group LLC grew its holdings in shares of PepsiCo by 1.1% during the 3rd quarter. Demars Financial Group LLC now owns 5,721 shares of the company’s stock valued at $973,000 after purchasing an additional 62 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Down 1.7 %

Shares of NASDAQ:PEP traded down $2.55 on Monday, hitting $147.10. The company had a trading volume of 4,737,754 shares, compared to its average volume of 4,887,406. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 1 year low of $146.95 and a 1 year high of $183.41. The firm’s 50-day simple moving average is $159.51 and its two-hundred day simple moving average is $167.26. The firm has a market capitalization of $201.82 billion, a price-to-earnings ratio of 21.70, a P/E/G ratio of 2.94 and a beta of 0.54.

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

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 6th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.68%. The ex-dividend date is Friday, December 6th. PepsiCo’s payout ratio is currently 79.94%.

Analysts Set New Price Targets

A number of research firms have commented on PEP. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Bank of America decreased their target price on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, September 30th. JPMorgan Chase & Co. decreased their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Barclays cut their target price on PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft raised shares of PepsiCo from a “hold” rating to a “buy” rating and raised their price objective for the company from $179.00 to $184.00 in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average target price of $184.31.

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.