Jackson Grant Investment Advisers Inc. Sells 174 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Jackson Grant Investment Advisers Inc. lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,431 shares of the company’s stock after selling 174 shares during the quarter. Jackson Grant Investment Advisers Inc.’s holdings in PepsiCo were worth $826,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PEP. Empowered Funds LLC raised its holdings in shares of PepsiCo by 9.2% in the third quarter. Empowered Funds LLC now owns 99,785 shares of the company’s stock worth $16,968,000 after buying an additional 8,406 shares during the period. Assenagon Asset Management S.A. grew its position in PepsiCo by 104.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company’s stock valued at $259,350,000 after acquiring an additional 870,451 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of PepsiCo by 11.0% during the third quarter. Janus Henderson Group PLC now owns 350,225 shares of the company’s stock worth $59,549,000 after purchasing an additional 34,633 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV boosted its stake in shares of PepsiCo by 12.8% during the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company’s stock valued at $6,323,000 after purchasing an additional 4,712 shares during the period. Finally, IHT Wealth Management LLC increased its stake in PepsiCo by 19.3% in the 3rd quarter. IHT Wealth Management LLC now owns 32,267 shares of the company’s stock worth $5,493,000 after buying an additional 5,220 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. TD Cowen dropped their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report on Thursday, October 10th. Wells Fargo & Company lowered their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Finally, HSBC dropped their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and an average target price of $171.76.

PepsiCo Trading Up 1.5 %

PepsiCo stock opened at $145.66 on Thursday. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The stock has a market cap of $199.84 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The stock has a 50-day moving average of $152.49 and a two-hundred day moving average of $164.53.

PepsiCo (NASDAQ:PEP) last released its 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 company had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. PepsiCo’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company 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. This represents a $5.42 annualized dividend and a yield of 3.72%. PepsiCo’s payout ratio is presently 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.