PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. lowered its holdings in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 4.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 100,660 shares of the company’s stock after selling 5,158 shares during the quarter. Braun Stacey Associates Inc.’s holdings in PepsiCo were worth $17,096,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. DHJJ Financial Advisors Ltd. acquired a new position in PepsiCo in the third quarter valued at $25,000. Pacifica Partners Inc. purchased a new position in PepsiCo during the 3rd quarter worth approximately $27,000. LFA Lugano Financial Advisors SA increased its position in PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after buying an additional 70 shares during the period. Life Planning Partners Inc purchased a new stake in PepsiCo in the fourth quarter valued at approximately $34,000. Finally, West Tower Group LLC purchased a new position in shares of PepsiCo during the second quarter worth approximately $36,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Royal Bank of Canada restated a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a research note on Monday, February 12th. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. downgraded PepsiCo from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $185.00 to $176.00 in a research note on Tuesday, December 19th. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and raised their target price for the company from $180.00 to $195.00 in a report on Monday, February 12th. Finally, Barclays upped their price target on shares of PepsiCo from $179.00 to $183.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.77.

Check Out Our Latest Research Report on PepsiCo

PepsiCo Stock Performance

Shares of PEP opened at $169.89 on Wednesday. The company has a 50-day moving average of $168.60 and a two-hundred day moving average of $167.80. The stock has a market cap of $233.52 billion, a P/E ratio of 26.09, a PEG ratio of 2.71 and a beta of 0.53. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88. 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 earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The firm had revenue of $27.84 billion for the quarter, compared to analysts’ expectations of $28.40 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. PepsiCo’s quarterly revenue was down .6% on a year-over-year basis. As a group, research analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were issued a dividend of $1.265 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.98%. PepsiCo’s dividend payout ratio (DPR) is presently 77.02%.

PepsiCo Company Profile

(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.

See Also

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEPFree Report).

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.