Syntegra Private Wealth Group LLC Sells 173 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Syntegra Private Wealth Group LLC reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 5.9% during the fourth quarter, HoldingsChannel reports. The firm owned 2,751 shares of the company’s stock after selling 173 shares during the period. Syntegra Private Wealth Group LLC’s holdings in PepsiCo were worth $418,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of PEP. AMF Tjanstepension AB increased its stake in PepsiCo by 15.8% in the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock valued at $50,016,000 after acquiring an additional 40,031 shares during the last quarter. Czech National Bank boosted its holdings in shares of PepsiCo by 6.8% in the 3rd quarter. Czech National Bank now owns 279,811 shares of the company’s stock worth $47,582,000 after purchasing an additional 17,833 shares in the last quarter. Insight Wealth Strategies LLC purchased a new position in shares of PepsiCo during the 3rd quarter valued at about $633,000. Country Trust Bank boosted its stake in PepsiCo by 2.3% in the third quarter. Country Trust Bank now owns 131,428 shares of the company’s stock worth $22,349,000 after buying an additional 2,960 shares in the last quarter. Finally, Reliant Investment Management LLC grew its position in PepsiCo by 1.2% during the third quarter. Reliant Investment Management LLC now owns 30,873 shares of the company’s stock valued at $5,250,000 after acquiring an additional 361 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Evercore ISI reduced their price objective on PepsiCo from $180.00 to $160.00 in a research note on Tuesday. Citigroup dropped their target price on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday. BNP Paribas decreased their price target on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Barclays dropped their price objective on PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo has an average rating of “Hold” and a consensus price target of $171.76.

PepsiCo Price Performance

PEP stock opened at $145.66 on Thursday. The firm has a 50-day moving average of $152.49 and a 200 day moving average of $164.53. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The company has a market cap of $199.84 billion, a P/E ratio of 21.48, a PEG ratio of 2.92 and a beta of 0.54. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $1.78 EPS. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.72%. PepsiCo’s payout ratio is 79.94%.

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.