AFT Forsyth & Company Inc. Cuts Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

AFT Forsyth & Company Inc. cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 7.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,864 shares of the company’s stock after selling 313 shares during the quarter. AFT Forsyth & Company Inc.’s holdings in PepsiCo were worth $588,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PEP. Highline Wealth Partners LLC bought a new stake in PepsiCo in the 3rd quarter worth about $28,000. Collier Financial purchased a new stake in shares of PepsiCo during the 4th quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo in the third quarter worth approximately $31,000. Rakuten Securities Inc. raised its holdings in shares of PepsiCo by 93.2% during the third 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. Finally, Bay Harbor Wealth Management LLC bought a new position in PepsiCo during the fourth quarter valued at approximately $34,000. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Evercore ISI cut their target price on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Morgan Stanley lowered their target price on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Royal Bank of Canada began coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price target for the company. Finally, TD Cowen dropped their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $171.47.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $143.99 on Thursday. The company has a quick ratio of 0.70, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The stock’s 50-day simple moving average is $150.73 and its 200-day simple moving average is $163.68. The company has a market capitalization of $197.48 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 2.89 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.78 EPS. As a group, analysts expect that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 annualized dividend and a yield of 3.76%. PepsiCo’s payout ratio is 77.99%.

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.