GEM Asset Management LLC Sells 151 Shares of PepsiCo, Inc. (NASDAQ:PEP)

GEM Asset Management LLC trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,031 shares of the company’s stock after selling 151 shares during the quarter. GEM Asset Management LLC’s holdings in PepsiCo were worth $461,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cross Staff Investments Inc raised its position in shares of PepsiCo by 0.9% in the 3rd quarter. Cross Staff Investments Inc now owns 7,080 shares of the company’s stock valued at $1,204,000 after purchasing an additional 60 shares during the last quarter. Paulson Wealth Management Inc. grew its position in PepsiCo by 2.1% during the 3rd quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company’s stock worth $508,000 after purchasing an additional 60 shares during the period. LCM Capital Management Inc lifted its holdings in PepsiCo by 0.8% in the third quarter. LCM Capital Management Inc now owns 7,573 shares of the company’s stock valued at $1,288,000 after acquiring an additional 62 shares during the period. Demars Financial Group LLC boosted its holdings in PepsiCo by 1.1% during the third quarter. Demars Financial Group LLC now owns 5,721 shares of the company’s stock worth $973,000 after buying an additional 62 shares in the last quarter. Finally, Sigma Investment Counselors Inc. grew its position in shares of PepsiCo by 1.6% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 4,310 shares of the company’s stock valued at $733,000 after acquiring an additional 66 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $145.64 on Wednesday. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The business has a 50-day moving average of $151.05 and a 200 day moving average of $163.87. The stock has a market capitalization of $199.75 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.70.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the firm earned $1.78 earnings per share. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.34 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is presently 77.99%.

Wall Street Analyst Weigh In

PEP has been the topic of a number of recent analyst reports. Morgan Stanley decreased their target price on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Citigroup reduced their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, TD Cowen decreased their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $171.47.

PepsiCo Company 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.