Stratos Investment Management LLC Sells 13,254 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Stratos Investment Management LLC reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 51.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,459 shares of the company’s stock after selling 13,254 shares during the period. Stratos Investment Management LLC’s holdings in PepsiCo were worth $1,895,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Sargent Investment Group LLC raised its position in PepsiCo by 31.7% during the 4th quarter. Sargent Investment Group LLC now owns 7,817 shares of the company’s stock worth $1,130,000 after purchasing an additional 1,880 shares during the last quarter. Old North State Wealth Management LLC raised its position in PepsiCo by 22.7% during the 4th quarter. Old North State Wealth Management LLC now owns 2,995 shares of the company’s stock worth $457,000 after purchasing an additional 555 shares during the last quarter. Bay Harbor Wealth Management LLC bought a new position in shares of PepsiCo in the 4th quarter worth about $34,000. E. Ohman J or Asset Management AB raised its position in shares of PepsiCo by 12.5% in the 4th quarter. E. Ohman J or Asset Management AB now owns 62,550 shares of the company’s stock worth $9,511,000 after acquiring an additional 6,940 shares in the last quarter. Finally, James J. Burns & Company LLC raised its position in shares of PepsiCo by 15.0% in the 4th quarter. James J. Burns & Company LLC now owns 2,306 shares of the company’s stock worth $350,000 after acquiring an additional 300 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on PEP shares. TD Cowen reduced their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company reduced their target price on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. reduced their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. BNP Paribas reduced their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, UBS Group reduced their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $174.53.

PepsiCo Trading Down 4.5 %

NASDAQ:PEP opened at $143.49 on Wednesday. The company has a market cap of $196.87 billion, a P/E ratio of 21.16, a P/E/G ratio of 2.92 and a beta of 0.54. The stock’s fifty day moving average price is $152.86 and its two-hundred day moving average price is $164.71. 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 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) 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 the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.78 earnings per share. As a group, analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were issued a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.78%. PepsiCo’s payout ratio is currently 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.