Harbour Investments Inc. Lowers Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Harbour Investments Inc. lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,318 shares of the company’s stock after selling 753 shares during the quarter. Harbour Investments Inc.’s holdings in PepsiCo were worth $4,154,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in PEP. Collier Financial purchased a new stake in shares of PepsiCo during the 4th quarter worth approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of PepsiCo during the 3rd quarter worth approximately $31,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo during the 4th quarter worth approximately $30,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of PepsiCo during the 4th quarter worth approximately $34,000. Finally, Human Investing LLC purchased a new stake in shares of PepsiCo during the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 0.2 %

PEP stock opened at $148.59 on Monday. The company has a market cap of $203.79 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 3.09 and a beta of 0.52. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The business has a fifty day simple moving average of $148.76 and a 200-day simple moving average of $159.89. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41.

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

PepsiCo Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on PEP shares. JPMorgan Chase & Co. decreased their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. CICC Research restated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Wells Fargo & Company cut their price objective on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, BNP Paribas cut their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $170.59.

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.