Baker Ellis Asset Management LLC Lowers Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Baker Ellis Asset Management LLC trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 2.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 37,334 shares of the company’s stock after selling 992 shares during the period. PepsiCo makes up about 1.0% of Baker Ellis Asset Management LLC’s holdings, making the stock its 25th largest holding. Baker Ellis Asset Management LLC’s holdings in PepsiCo were worth $6,341,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in PEP. DHJJ Financial Advisors Ltd. purchased a new position in shares of PepsiCo during the third quarter worth $25,000. Pacifica Partners Inc. purchased a new position in PepsiCo in the third quarter valued at $27,000. LFA Lugano Financial Advisors SA boosted its holdings in PepsiCo by 80.5% in the fourth 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 purchased a new position in PepsiCo in the fourth quarter valued at $34,000. Finally, West Tower Group LLC purchased a new position in PepsiCo in the second quarter valued at $36,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of PEP opened at $169.89 on Wednesday. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The stock’s 50 day moving average is $168.60 and its two-hundred day moving average is $167.80. The firm has a market capitalization of $233.52 billion, a PE ratio of 26.09, a P/E/G ratio of 2.71 and a beta of 0.53. 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 data on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. The company had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.67 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a dividend of $1.265 per share. The ex-dividend date was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 2.98%. PepsiCo’s dividend payout ratio is currently 77.02%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PEP shares. Royal Bank of Canada restated a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a research note on Monday, February 12th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Deutsche Bank Aktiengesellschaft raised their price target on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Barclays raised their price target on PepsiCo from $179.00 to $183.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.77.

View Our Latest Stock Report on PepsiCo

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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