Cypress Capital Group Sells 4,806 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Cypress Capital Group trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 15.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 25,888 shares of the company’s stock after selling 4,806 shares during the quarter. Cypress Capital Group’s holdings in PepsiCo were worth $3,937,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Collier Financial bought a new position in PepsiCo during the 4th quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new position in PepsiCo during the 3rd quarter valued at about $31,000. Rakuten Securities Inc. grew its holdings in PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares during the last quarter. Creative Capital Management Investments LLC bought a new position in PepsiCo during the 4th quarter valued at about $30,000. Finally, Bay Harbor Wealth Management LLC purchased a new stake in PepsiCo in the 4th quarter valued at about $34,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Down 1.2 %

NASDAQ:PEP opened at $154.19 on Wednesday. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The firm has a 50 day moving average of $148.71 and a 200 day moving average of $161.20. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $211.47 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last posted 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. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter in the prior year, the company posted $1.78 earnings per share. PepsiCo’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.52%. PepsiCo’s payout ratio is 77.99%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PEP shares. Morgan Stanley lowered their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Citigroup lowered their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. UBS Group lowered their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Barclays lowered their price objective on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $171.47.

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.