Cromwell Holdings LLC Sells 232 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Cromwell Holdings LLC lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,942 shares of the company’s stock after selling 232 shares during the period. Cromwell Holdings LLC’s holdings in PepsiCo were worth $452,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AMF Tjanstepension AB lifted its stake in PepsiCo by 15.8% in the 3rd quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock worth $50,016,000 after purchasing an additional 40,031 shares in the last quarter. Swedbank AB increased its holdings in shares of PepsiCo by 211.4% in the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after purchasing an additional 1,592,343 shares during the last quarter. Howard Capital Management Group LLC boosted its stake in PepsiCo by 2.0% during the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after buying an additional 90 shares during the last quarter. Fulcrum Capital LLC boosted its position in shares of PepsiCo by 0.4% during the 3rd quarter. Fulcrum Capital LLC now owns 49,465 shares of the company’s stock valued at $8,412,000 after acquiring an additional 188 shares during the last quarter. Finally, McAdam LLC increased its position in PepsiCo by 21.0% in the third quarter. McAdam LLC now owns 2,061 shares of the company’s stock worth $351,000 after purchasing an additional 357 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ PEP opened at $149.10 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The stock has a 50-day moving average of $148.94 and a 200 day moving average of $162.49. The stock has a market capitalization of $204.49 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 3.02 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the company earned $1.78 EPS. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.31 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.64%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Barclays dropped their price target on PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft lowered their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Citigroup cut their target price on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada assumed coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 price objective for the company. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $171.47.

PepsiCo 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.