Berkeley Capital Partners LLC Has $832,000 Stake in PepsiCo, Inc. (NASDAQ:PEP)

Berkeley Capital Partners LLC decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,470 shares of the company’s stock after selling 255 shares during the period. Berkeley Capital Partners LLC’s holdings in PepsiCo were worth $832,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. iA Global Asset Management Inc. raised its holdings in shares of PepsiCo by 9.9% during the fourth quarter. iA Global Asset Management Inc. now owns 162,289 shares of the company’s stock valued at $24,678,000 after purchasing an additional 14,621 shares during the period. Wilkins Investment Counsel Inc. raised its holdings in shares of PepsiCo by 6.7% during the fourth quarter. Wilkins Investment Counsel Inc. now owns 94,531 shares of the company’s stock valued at $14,374,000 after purchasing an additional 5,904 shares during the period. First National Bank of Hutchinson raised its holdings in shares of PepsiCo by 15.1% during the fourth quarter. First National Bank of Hutchinson now owns 7,144 shares of the company’s stock valued at $1,086,000 after purchasing an additional 939 shares during the period. Atlantic Private Wealth LLC raised its holdings in shares of PepsiCo by 37.5% during the fourth quarter. Atlantic Private Wealth LLC now owns 275 shares of the company’s stock valued at $42,000 after purchasing an additional 75 shares during the period. Finally, Royal London Asset Management Ltd. raised its holdings in shares of PepsiCo by 3.6% during the fourth quarter. Royal London Asset Management Ltd. now owns 1,139,835 shares of the company’s stock valued at $173,323,000 after purchasing an additional 39,504 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PEP shares. Royal Bank of Canada started coverage on shares of PepsiCo in a report on Tuesday, February 4th. They set a $172.00 price objective on the stock. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. decreased their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Finally, Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus price target of $169.88.

PepsiCo Stock Down 0.6 %

PEP opened at $148.11 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The stock has a market cap of $203.13 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company’s 50-day moving average price is $148.97 and its two-hundred day moving average price is $159.50.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share 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 company’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the company earned $1.78 earnings per share. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently announced 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 3.66%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is 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.