McCollum Christoferson Group LLC Has $8.18 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

McCollum Christoferson Group LLC lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,812 shares of the company’s stock after selling 852 shares during the quarter. PepsiCo accounts for approximately 2.4% of McCollum Christoferson Group LLC’s investment portfolio, making the stock its 21st largest position. McCollum Christoferson Group LLC’s holdings in PepsiCo were worth $8,183,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PEP. Collier Financial bought a new position in shares of PepsiCo during the fourth quarter valued at $28,000. Legacy Investment Solutions LLC bought a new position in PepsiCo during the 3rd quarter worth $31,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo during the 4th quarter worth about $30,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $34,000. Finally, Human Investing LLC acquired a new position in shares of PepsiCo in the fourth quarter worth approximately $39,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Down 1.2 %

PEP opened at $145.45 on Monday. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The firm has a market capitalization of $199.48 billion, a PE ratio of 20.93, a P/E/G ratio of 3.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The company’s 50-day moving average is $149.04 and its 200 day moving average is $158.96.

PepsiCo (NASDAQ:PEP) last posted 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. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same quarter last year, the company earned $1.78 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.73%. PepsiCo’s dividend payout ratio is currently 77.99%.

Wall Street Analyst Weigh In

Several research firms have issued reports on PEP. JPMorgan Chase & Co. lowered their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Jefferies Financial Group lowered shares of PepsiCo from a “buy” rating to a “hold” rating and dropped their target price for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. Evercore ISI lowered their price objective on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. 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, Barclays downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $168.00 to $156.00 in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $169.88.

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.