PFC Capital Group Inc. Decreases Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

PFC Capital Group Inc. decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.0% in the 4th quarter, Holdings Channel reports. The fund owned 25,240 shares of the company’s stock after selling 527 shares during the quarter. PepsiCo accounts for approximately 1.9% of PFC Capital Group Inc.’s holdings, making the stock its 14th largest position. PFC Capital Group Inc.’s holdings in PepsiCo were worth $3,837,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its position in shares of PepsiCo by 104.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company’s stock worth $259,350,000 after acquiring an additional 870,451 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV lifted its holdings in PepsiCo by 12.8% during the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company’s stock worth $6,323,000 after purchasing an additional 4,712 shares in the last quarter. Janus Henderson Group PLC boosted its stake in PepsiCo by 11.0% in the 3rd quarter. Janus Henderson Group PLC now owns 350,225 shares of the company’s stock worth $59,549,000 after purchasing an additional 34,633 shares during the period. IHT Wealth Management LLC increased its position in shares of PepsiCo by 19.3% during the third quarter. IHT Wealth Management LLC now owns 32,267 shares of the company’s stock valued at $5,493,000 after buying an additional 5,220 shares during the period. Finally, Guinness Asset Management LTD lifted its holdings in shares of PepsiCo by 5.2% in the fourth quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company’s stock worth $188,031,000 after buying an additional 61,541 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.4 %

Shares of NASDAQ:PEP opened at $149.94 on Tuesday. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The stock’s 50-day moving average price is $149.28 and its 200-day moving average price is $157.72. The stock has a market capitalization of $205.64 billion, a P/E ratio of 21.57, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.78 EPS. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PEP. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Royal Bank of Canada initiated coverage on PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 price objective on the stock. HSBC reduced their target price on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Wells Fargo & Company dropped their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, TD Cowen decreased their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average 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.