Troy Asset Management Ltd Sells 102,212 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Troy Asset Management Ltd lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 25.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 300,959 shares of the company’s stock after selling 102,212 shares during the period. PepsiCo comprises approximately 1.5% of Troy Asset Management Ltd’s holdings, making the stock its 18th largest position. Troy Asset Management Ltd’s holdings in PepsiCo were worth $45,764,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Howard Capital Management Group LLC increased its stake in PepsiCo by 2.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after acquiring an additional 90 shares during the last quarter. Loomis Sayles & Co. L P raised its holdings in shares of PepsiCo by 7.1% in the third quarter. Loomis Sayles & Co. L P now owns 1,965 shares of the company’s stock worth $334,000 after buying an additional 130 shares during the period. Public Sector Pension Investment Board lifted its position in shares of PepsiCo by 30.7% during the third quarter. Public Sector Pension Investment Board now owns 69,036 shares of the company’s stock worth $11,740,000 after purchasing an additional 16,200 shares during the last quarter. Peterson Wealth Management boosted its position in PepsiCo by 0.4% in the 3rd quarter. Peterson Wealth Management now owns 34,691 shares of the company’s stock valued at $5,899,000 after buying an additional 153 shares during the period. Finally, William Allan Corp boosted its holdings in shares of PepsiCo by 4.4% in the third quarter. William Allan Corp now owns 13,454 shares of the company’s stock valued at $2,288,000 after purchasing an additional 563 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Down 0.3 %

PepsiCo stock opened at $149.27 on Friday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The business has a 50 day simple moving average of $149.25 and a 200-day simple moving average of $158.17. The stock has a market capitalization of $204.72 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter last year, the business posted $1.78 earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year. On average, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

Analyst Ratings Changes

PEP has been the subject of a number of research reports. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Evercore ISI dropped their price objective on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. BNP Paribas cut their price target on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. UBS Group dropped their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $169.88.

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.