PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Net Worth Advisory Group

Net Worth Advisory Group lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 15.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,253 shares of the company’s stock after selling 1,731 shares during the quarter. Net Worth Advisory Group’s holdings in PepsiCo were worth $1,407,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PEP. Raymond James Financial Inc. purchased a new stake in shares of PepsiCo during the 4th quarter worth approximately $589,307,000. Charles Schwab Investment Management Inc. lifted its position in shares of 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 buying an additional 3,856,193 shares during the last quarter. State Street Corp lifted its position in shares of PepsiCo by 5.1% during the 3rd quarter. State Street Corp now owns 57,268,030 shares of the company’s stock worth $9,738,429,000 after buying an additional 2,775,679 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of PepsiCo by 21.1% during the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company’s stock worth $2,293,049,000 after buying an additional 2,264,445 shares during the last quarter. Finally, Swedbank AB lifted its position in shares of PepsiCo by 211.4% during the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after buying an additional 1,592,343 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. BNP Paribas reduced their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Morgan Stanley reduced their price target on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Royal Bank of Canada started coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 price target for the company. Deutsche Bank Aktiengesellschaft reduced their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Finally, CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $172.35.

PepsiCo Stock Performance

NASDAQ:PEP opened at $156.25 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. 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 cap of $214.30 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The firm’s fifty day simple moving average is $148.89 and its 200-day simple moving average is $160.62.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. During the same period in the prior year, the company posted $1.78 EPS. The business’s revenue for the quarter was down .2% on a year-over-year basis. Analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.47%. 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.