Signaturefd LLC Sells 4,176 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Signaturefd LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 14.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,675 shares of the company’s stock after selling 4,176 shares during the quarter. Signaturefd LLC’s holdings in PepsiCo were worth $3,904,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Collier Financial acquired a new stake in PepsiCo during the 4th quarter worth about $28,000. Legacy Investment Solutions LLC bought a new stake in PepsiCo in the third quarter worth approximately $31,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo in the fourth quarter valued at approximately $30,000. Bay Harbor Wealth Management LLC bought a new position in shares of PepsiCo during the 4th quarter worth approximately $34,000. Finally, Human Investing LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at $39,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the company. CICC Research restated a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. BNP Paribas decreased their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft cut their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Finally, Piper Sandler initiated coverage on shares of PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $170.59.

PepsiCo Trading Up 0.2 %

NASDAQ:PEP opened at $148.59 on Monday. The firm’s 50 day moving average is $148.76 and its 200 day moving average is $159.89. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The stock has a market capitalization of $203.79 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

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

PepsiCo Dividend Announcement

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