PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Sage Capital Advisors llc

Sage Capital Advisors llc cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,065 shares of the company’s stock after selling 1,762 shares during the quarter. PepsiCo makes up approximately 1.5% of Sage Capital Advisors llc’s portfolio, making the stock its 20th largest holding. Sage Capital Advisors llc’s holdings in PepsiCo were worth $5,788,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PEP. AGF Management Ltd. lifted its position in PepsiCo by 10.3% in the second quarter. AGF Management Ltd. now owns 70,739 shares of the company’s stock valued at $11,667,000 after buying an additional 6,600 shares during the last quarter. LPL Financial LLC boosted its position in shares of PepsiCo by 6.0% during the 2nd quarter. LPL Financial LLC now owns 1,702,146 shares of the company’s stock worth $280,735,000 after purchasing an additional 95,864 shares during the period. Investment Partners LTD. increased its holdings in PepsiCo by 2.1% in the 2nd quarter. Investment Partners LTD. now owns 10,829 shares of the company’s stock valued at $1,786,000 after purchasing an additional 226 shares during the last quarter. PFG Advisors lifted its stake in PepsiCo by 63.4% during the second quarter. PFG Advisors now owns 12,415 shares of the company’s stock worth $2,048,000 after purchasing an additional 4,819 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC boosted its position in shares of PepsiCo by 21.0% during the second quarter. Beverly Hills Private Wealth LLC now owns 21,717 shares of the company’s stock worth $3,582,000 after buying an additional 3,766 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Down 3.2 %

NASDAQ PEP traded down $4.62 during mid-day trading on Friday, hitting $141.92. The company’s stock had a trading volume of 4,928,625 shares, compared to its average volume of 6,428,738. 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, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The stock’s fifty day simple moving average is $157.81 and its two-hundred day simple moving average is $166.68. The firm has a market capitalization of $194.71 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 2.94 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. During the same period in the previous year, the company posted $2.25 EPS. PepsiCo’s revenue for the quarter was down .6% on a year-over-year basis. Research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.82%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

Analysts Set New Price Targets

PEP has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and boosted their price target for the stock from $179.00 to $184.00 in a report on Thursday, December 12th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price for the company. in a research note on Friday, September 20th. Finally, Piper Sandler initiated coverage on shares of PepsiCo in a report on Tuesday. They set an “overweight” rating and a $171.00 price objective on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $180.64.

About PepsiCo

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.