Folger Nolan Fleming Douglas Capital Management Inc. Sells 1,743 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Folger Nolan Fleming Douglas Capital Management Inc. reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 92,896 shares of the company’s stock after selling 1,743 shares during the quarter. PepsiCo comprises about 1.5% of Folger Nolan Fleming Douglas Capital Management Inc.’s portfolio, making the stock its 18th largest holding. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in PepsiCo were worth $14,126,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. XTX Topco Ltd bought a new position in shares of PepsiCo in the second quarter worth about $1,707,000. Brighton Jones LLC increased its position in PepsiCo by 6.3% during the 2nd quarter. Brighton Jones LLC now owns 27,806 shares of the company’s stock worth $4,586,000 after purchasing an additional 1,655 shares in the last quarter. Ieq Capital LLC lifted its stake in PepsiCo by 5.9% in the 2nd quarter. Ieq Capital LLC now owns 105,460 shares of the company’s stock valued at $17,394,000 after purchasing an additional 5,863 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in PepsiCo by 7.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 106,734 shares of the company’s stock valued at $17,604,000 after buying an additional 7,620 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of PepsiCo by 0.5% during the second quarter. Canada Pension Plan Investment Board now owns 3,333,908 shares of the company’s stock worth $549,861,000 after buying an additional 17,800 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Up 1.2 %

Shares of PEP stock opened at $148.25 on Friday. The company has a market cap of $203.40 billion, a P/E ratio of 21.87, a PEG ratio of 2.57 and a beta of 0.54. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The stock has a 50 day simple moving average of $155.37 and a two-hundred day simple moving average of $165.82.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PEP. UBS Group cut their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday. Wells Fargo & Company cut their price target on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Barclays dropped their price objective on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a report on Friday. Royal Bank of Canada reduced their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday, October 4th. Finally, Deutsche Bank Aktiengesellschaft raised shares of PepsiCo from a “hold” rating to a “buy” rating and raised their price target for the company from $179.00 to $184.00 in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $178.60.

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.