Sigma Investment Counselors Inc. Has $702,000 Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Sigma Investment Counselors Inc. lessened its stake in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 19.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,134 shares of the company’s stock after selling 1,013 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in PepsiCo were worth $702,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. DHJJ Financial Advisors Ltd. bought a new stake in PepsiCo in the third quarter worth approximately $25,000. Pacifica Partners Inc. bought a new stake in shares of PepsiCo during the 3rd quarter worth $27,000. LFA Lugano Financial Advisors SA boosted its holdings in PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares during the period. Life Planning Partners Inc bought a new stake in PepsiCo in the 4th quarter valued at $34,000. Finally, West Tower Group LLC bought a new stake in PepsiCo in the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PEP shares. Barclays increased their price target on shares of PepsiCo from $179.00 to $183.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a report on Monday, March 18th. Deutsche Bank Aktiengesellschaft increased their price target on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $180.00 price objective on shares of PepsiCo in a report on Monday, February 12th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo has an average rating of “Moderate Buy” and an average target price of $187.77.

Check Out Our Latest Stock Report on PepsiCo

PepsiCo Price Performance

PEP stock traded down $0.73 during trading on Tuesday, hitting $172.25. 1,510,291 shares of the stock traded hands, compared to its average volume of 5,852,161. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88. The stock has a market cap of $236.76 billion, a price-to-earnings ratio of 26.33, a P/E/G ratio of 2.74 and a beta of 0.53. The company has a 50 day simple moving average of $168.44 and a 200 day simple moving average of $167.86. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02.

PepsiCo (NASDAQ:PEPGet Free Report) last announced its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The firm had revenue of $27.84 billion during the quarter, compared to the consensus estimate of $28.40 billion. During the same period last year, the firm posted $1.67 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. Equities analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio is presently 77.02%.

About PepsiCo

(Free Report)

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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