Annapolis Financial Services LLC Sells 137 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Annapolis Financial Services LLC lowered its stake in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 21.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 515 shares of the company’s stock after selling 137 shares during the period. Annapolis Financial Services LLC’s holdings in PepsiCo were worth $87,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PEP. Moneta Group Investment Advisors LLC boosted its holdings in shares of PepsiCo by 95,514.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock worth $7,746,023,000 after purchasing an additional 42,831,405 shares during the period. Morgan Stanley grew its position in shares of PepsiCo by 21.0% in the 4th quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock worth $4,827,240,000 after buying an additional 4,629,947 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of PepsiCo by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock valued at $3,121,736,000 after buying an additional 920,032 shares during the period. Northern Trust Corp raised its holdings in shares of PepsiCo by 3.7% during the third quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock valued at $2,859,812,000 after acquiring an additional 595,357 shares in the last quarter. Finally, Norges Bank purchased a new stake in PepsiCo in the fourth quarter worth $2,519,707,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on PEP shares. Jefferies Financial Group upped their price objective on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Royal Bank of Canada restated a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a research note on Monday, February 12th. Finally, StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, PepsiCo currently has an average rating of “Moderate Buy” and an average price target of $186.92.

Check Out Our Latest Report on PEP

PepsiCo Stock Up 1.1 %

Shares of NASDAQ:PEP traded up $1.86 on Friday, hitting $174.13. 6,636,697 shares of the company traded hands, compared to its average volume of 4,502,704. The stock has a 50 day simple moving average of $168.68 and a 200-day simple moving average of $167.45. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The company has a market cap of $239.34 billion, a PE ratio of 26.50, a PEG ratio of 2.73 and a beta of 0.53. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88.

PepsiCo (NASDAQ:PEPGet Free Report) last released 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. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The business had revenue of $27.84 billion during the quarter, compared to analyst estimates of $28.40 billion. During the same period last year, the business earned $1.67 EPS. PepsiCo’s revenue was down .6% compared to the same quarter last year. As a group, research analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s payout ratio is 77.02%.

PepsiCo 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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