Roman Butler Fullerton & Co. Sells 600 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Roman Butler Fullerton & Co. lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,299 shares of the company’s stock after selling 600 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in PepsiCo were worth $819,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. AustralianSuper Pty Ltd raised its stake in shares of PepsiCo by 26.8% in the fourth quarter. AustralianSuper Pty Ltd now owns 13,547 shares of the company’s stock valued at $2,060,000 after acquiring an additional 2,865 shares during the period. Campbell Wealth Management raised its stake in shares of PepsiCo by 20.0% in the fourth quarter. Campbell Wealth Management now owns 2,274 shares of the company’s stock valued at $346,000 after acquiring an additional 379 shares during the period. Asset Planning Inc purchased a new stake in shares of PepsiCo in the fourth quarter valued at $155,000. V Square Quantitative Management LLC raised its stake in shares of PepsiCo by 8.2% in the fourth quarter. V Square Quantitative Management LLC now owns 20,216 shares of the company’s stock valued at $3,074,000 after acquiring an additional 1,528 shares during the period. Finally, Compagnie Lombard Odier SCmA raised its stake in shares of PepsiCo by 15.2% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 56,571 shares of the company’s stock valued at $8,602,000 after acquiring an additional 7,460 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Piper Sandler assumed coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target on the stock. Citigroup reduced their price target on shares of 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 reduced their price target 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, Evercore ISI reduced their price target on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average price target of $171.47.

PepsiCo Stock Down 0.8 %

NASDAQ:PEP opened at $143.39 on Friday. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The stock has a market capitalization of $196.66 billion, a P/E ratio of 20.63, a P/E/G ratio of 2.89 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.70 and a current ratio of 0.82. The company’s 50-day simple moving average is $150.09 and its 200-day simple moving average is $163.41.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The business 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 revenue was down .2% compared to the same quarter last year. During the same period last year, the business earned $1.78 EPS. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) 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.