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

Pinion Investment Advisors LLC trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP) by 17.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,376 shares of the company’s stock after selling 1,337 shares during the period. Pinion Investment Advisors LLC’s holdings in PepsiCo were worth $970,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alta Capital Management LLC lifted its holdings in PepsiCo by 12.2% in the fourth quarter. Alta Capital Management LLC now owns 19,517 shares of the company’s stock valued at $2,968,000 after acquiring an additional 2,122 shares during the period. Charles Schwab Investment Management Inc. increased its position in PepsiCo by 18.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock worth $3,834,504,000 after purchasing an additional 3,856,193 shares in the last quarter. Gryphon Financial Partners LLC raised its stake in PepsiCo by 5.9% in the 4th quarter. Gryphon Financial Partners LLC now owns 9,461 shares of the company’s stock valued at $1,439,000 after purchasing an additional 523 shares during the last quarter. Kelly Financial Group LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth about $380,000. Finally, Auxano Advisors LLC grew its holdings in shares of PepsiCo by 9.0% during the fourth quarter. Auxano Advisors LLC now owns 6,266 shares of the company’s stock worth $953,000 after buying an additional 516 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. HSBC dropped their price target on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Citigroup reduced their price objective on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley decreased their target price 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. Piper Sandler initiated coverage on PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. One research 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.com, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $171.47.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $155.99 on Tuesday. 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 firm has a market cap of $213.94 billion, a P/E ratio of 22.44, a PEG ratio of 3.09 and a beta of 0.54. The stock has a fifty day moving average price of $148.68 and a two-hundred day moving average price of $161.33.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data 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 firm had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.78 EPS. Research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

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 given a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.47%. PepsiCo’s payout ratio is presently 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.