Cutter & CO Brokerage Inc. Reduces Position in PepsiCo, Inc. (NASDAQ:PEP)

Cutter & CO Brokerage Inc. lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,751 shares of the company’s stock after selling 1,412 shares during the period. Cutter & CO Brokerage Inc.’s holdings in PepsiCo were worth $2,395,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Highline Wealth Partners LLC bought a new stake in shares of PepsiCo during the third quarter valued at approximately $28,000. Collier Financial bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $28,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo during the third quarter valued at approximately $31,000. Rakuten Securities Inc. raised its stake 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 acquiring an additional 96 shares in the last quarter. Finally, Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PEP opened at $156.42 on Wednesday. The firm has a market capitalization of $214.53 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 3.09 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The company’s fifty day moving average price is $148.62 and its 200-day moving average price is $161.87.

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

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Analyst Ratings Changes

A number of equities analysts recently commented on PEP shares. HSBC reduced their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Royal Bank of Canada started coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 price objective for the company. Morgan Stanley reduced 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 note on Wednesday, February 5th. JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft reduced 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. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $171.47.

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.