Nicholas Hoffman & Company LLC. Sells 103 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Nicholas Hoffman & Company LLC. trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,085 shares of the company’s stock after selling 103 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in PepsiCo were worth $1,229,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Highline Wealth Partners LLC acquired a new position in PepsiCo during the 3rd quarter valued at about $28,000. Collier Financial acquired a new stake in shares of PepsiCo during the fourth quarter worth $28,000. Legacy Investment Solutions LLC bought a new stake in PepsiCo in the third quarter valued at about $31,000. Rakuten Securities Inc. lifted its stake in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after buying an additional 96 shares during the period. Finally, Bay Harbor Wealth Management LLC bought a new position in PepsiCo during the fourth quarter worth about $34,000. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of analyst reports. Wells Fargo & Company cut their price target on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. UBS Group reduced their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. TD Cowen dropped their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft decreased their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. 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 issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $171.47.

PepsiCo Stock Down 0.8 %

PepsiCo stock opened at $143.39 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.70 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The company has a fifty day simple moving average of $149.80 and a 200 day simple moving average of $163.13. The company has a market cap of $196.66 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter last year, the company earned $1.78 EPS. PepsiCo’s revenue for the quarter was down .2% compared to the same quarter last year. Research analysts anticipate that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

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.