Lipe & Dalton Reduces Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Lipe & Dalton decreased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,345 shares of the company’s stock after selling 170 shares during the quarter. Lipe & Dalton’s holdings in PepsiCo were worth $357,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Highline Wealth Partners LLC bought a new stake in shares of PepsiCo in the 3rd quarter valued at about $28,000. Collier Financial purchased a new stake in shares of PepsiCo during the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC purchased a new stake in PepsiCo during the fourth quarter valued at approximately $30,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo in the 3rd quarter valued at approximately $31,000. Finally, Rakuten Securities Inc. raised its holdings in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after buying an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Evercore ISI decreased their price target on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. TD Cowen reduced their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Finally, HSBC cut their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $171.47.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $153.50 on Friday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The business has a 50-day simple moving average of $148.75 and a 200-day simple moving average of $162.39. The company has a market cap of $210.53 billion, a PE ratio of 22.09, a P/E/G ratio of 3.09 and a beta of 0.54. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP) last released 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 company had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.78 earnings per share. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

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.