PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Quadrant Capital Group LLC

Quadrant Capital Group LLC lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.8% during the 4th quarter, Holdings Channel reports. The fund owned 15,375 shares of the company’s stock after selling 1,869 shares during the quarter. Quadrant Capital Group LLC’s holdings in PepsiCo were worth $2,338,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Collier Financial purchased a new stake in PepsiCo in the fourth quarter valued at $28,000. WealthTrak Capital Management LLC purchased a new stake in PepsiCo in the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo in the fourth quarter valued at about $30,000. Prudent Man Investment Management Inc. purchased a new position in PepsiCo during the fourth quarter worth about $30,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of PepsiCo in the 3rd quarter valued at approximately $31,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP opened at $146.61 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The stock has a 50 day moving average price of $149.33 and a 200 day moving average price of $157.07. The company has a market capitalization of $201.05 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 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 the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’s revenue was down .2% on a year-over-year basis. During the same period last year, the firm posted $1.78 EPS. Research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Wall Street Analyst Weigh In

PEP has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective 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. Wells Fargo & Company cut their price objective on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Royal Bank of Canada began coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 price target on the stock. Finally, Morgan Stanley dropped their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $169.88.

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.