PFG Advisors Sells 1,893 Shares of PepsiCo, Inc. (NASDAQ:PEP)

PFG Advisors lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 19.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,968 shares of the company’s stock after selling 1,893 shares during the quarter. PFG Advisors’ holdings in PepsiCo were worth $1,212,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PEP. Swedbank AB increased its position in PepsiCo by 211.4% during the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock valued at $398,847,000 after purchasing an additional 1,592,343 shares during the period. Howard Capital Management Group LLC increased its position in PepsiCo by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after purchasing an additional 90 shares during the period. Bell Bank increased its position in PepsiCo by 2.5% during the 3rd quarter. Bell Bank now owns 3,190 shares of the company’s stock valued at $542,000 after purchasing an additional 79 shares during the period. Plato Investment Management Ltd increased its position in PepsiCo by 0.9% during the 3rd quarter. Plato Investment Management Ltd now owns 53,713 shares of the company’s stock valued at $9,125,000 after purchasing an additional 463 shares during the period. Finally, ROI Financial Advisors LLC increased its position in PepsiCo by 22.7% during the 3rd quarter. ROI Financial Advisors LLC now owns 1,655 shares of the company’s stock valued at $281,000 after purchasing an additional 306 shares during the period. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the subject of a number of recent analyst reports. HSBC decreased their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Citigroup reduced their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Piper Sandler initiated coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. Royal Bank of Canada initiated coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price objective for the company. Finally, CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $170.59.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $148.34 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The stock’s fifty day simple moving average is $148.78 and its two-hundred day simple moving average is $160.29. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The stock has a market cap of $203.45 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last issued 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 business had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. During the same period last year, the business earned $1.78 EPS. The business’s revenue was down .2% on a year-over-year basis. As a group, analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

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.