PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Carl P. Sherr & Co. LLC

Carl P. Sherr & Co. LLC reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 13.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 6,212 shares of the company’s stock after selling 945 shares during the quarter. Carl P. Sherr & Co. LLC’s holdings in PepsiCo were worth $945,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Highline Wealth Partners LLC bought a new position in PepsiCo during the third quarter worth $28,000. Collier Financial acquired a new stake in shares of PepsiCo during the fourth quarter worth $28,000. Legacy Investment Solutions LLC bought a new position in shares of PepsiCo in the 3rd quarter worth about $31,000. Rakuten Securities Inc. boosted its holdings in shares of PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after buying an additional 96 shares during the period. Finally, Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo during the 4th quarter valued at about $30,000. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Evercore ISI cut their price target on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Wells Fargo & Company lowered their price objective on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. HSBC cut their target price on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Finally, Barclays lowered their price target 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. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, PepsiCo presently has an average rating of “Hold” and an average price target of $171.47.

PepsiCo Stock Up 3.0 %

Shares of PEP stock opened at $153.50 on Friday. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The business’s fifty day moving average is $148.75 and its 200-day moving average is $162.39. The stock has a market cap of $210.53 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 3.09 and a beta of 0.54.

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Friday, March 7th. 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.