PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Lifeworks Advisors LLC

Lifeworks Advisors LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 46.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,086 shares of the company’s stock after selling 5,350 shares during the quarter. Lifeworks Advisors LLC’s holdings in PepsiCo were worth $925,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Swedbank AB grew its holdings in shares of PepsiCo by 211.4% in the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after acquiring an additional 1,592,343 shares during the period. Howard Capital Management Group LLC grew its holdings in shares of PepsiCo by 2.0% during the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after buying an additional 90 shares in the last quarter. Graypoint LLC raised its holdings in PepsiCo by 2.8% in the 3rd quarter. Graypoint LLC now owns 10,363 shares of the company’s stock valued at $1,762,000 after acquiring an additional 282 shares during the last quarter. Advisor Resource Council purchased a new position in PepsiCo during the third quarter worth about $455,000. Finally, Hara Capital LLC acquired a new stake in shares of PepsiCo in the third quarter worth approximately $68,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PEP has been the subject of a number of research reports. Wells Fargo & Company lowered their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Barclays upped their target price on PepsiCo from $153.00 to $168.00 and gave the company an “overweight” rating in a research report on Thursday. Morgan Stanley cut their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, Citigroup dropped their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $172.35.

PepsiCo Stock Down 0.1 %

PEP opened at $154.44 on Friday. 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 12 month low of $141.51 and a 12 month high of $183.41. The stock’s 50 day moving average price is $148.80 and its 200 day moving average price is $160.96. The stock has a market cap of $211.81 billion, a P/E ratio of 22.22, a P/E/G ratio of 3.09 and a beta of 0.52.

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

PepsiCo Dividend Announcement

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 $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.51%. PepsiCo’s payout ratio is currently 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.