Elser Financial Planning Inc Lowers Stake in PepsiCo, Inc. (NASDAQ:PEP)

Elser Financial Planning Inc lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,838 shares of the company’s stock after selling 132 shares during the period. Elser Financial Planning Inc’s holdings in PepsiCo were worth $279,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of PEP. Highline Wealth Partners LLC purchased a new stake in PepsiCo during the third quarter worth $28,000. Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo during the third quarter worth $31,000. Rakuten Securities Inc. increased its position in shares of PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares in the last quarter. Bay Harbor Wealth Management LLC acquired a new position in shares of PepsiCo during the fourth quarter worth $34,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of PepsiCo during the third quarter worth $44,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PEP shares. TD Cowen reduced their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft reduced their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Evercore ISI cut their target price on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research report on Friday. Finally, UBS Group cut their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $171.47.

PepsiCo Stock Down 0.5 %

PEP stock opened at $144.58 on Monday. The company has a market cap of $198.29 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 2.89 and a beta of 0.54. The company has a current ratio of 0.82, a quick ratio of 0.70 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The firm has a 50-day moving average of $151.42 and a two-hundred day moving average of $164.09.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data 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 the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.78 EPS. As a group, analysts forecast that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.75%. PepsiCo’s payout ratio is 77.99%.

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.