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

Telemus Capital LLC lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 29,143 shares of the company’s stock after selling 627 shares during the quarter. Telemus Capital LLC’s holdings in PepsiCo were worth $4,950,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC lifted its stake in PepsiCo by 9,623.6% during the fourth quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock worth $519,381,000 after purchasing an additional 3,026,611 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in PepsiCo during the third quarter worth $329,179,000. Flossbach Von Storch AG lifted its stake in PepsiCo by 121.4% during the fourth quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock worth $463,259,000 after purchasing an additional 1,495,586 shares during the last quarter. Mackenzie Financial Corp lifted its stake in PepsiCo by 68.0% in the fourth quarter. Mackenzie Financial Corp now owns 2,922,643 shares of the company’s stock valued at $496,382,000 after buying an additional 1,183,371 shares during the last quarter. Finally, PineStone Asset Management Inc. lifted its stake in PepsiCo by 241.7% in the third quarter. PineStone Asset Management Inc. now owns 1,402,879 shares of the company’s stock valued at $237,704,000 after buying an additional 992,372 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 1.3 %

Shares of NASDAQ PEP opened at $176.46 on Tuesday. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88. The firm has a market capitalization of $242.55 billion, a PE ratio of 26.86, a PEG ratio of 2.73 and a beta of 0.53. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. The business has a 50-day moving average price of $168.80 and a two-hundred day moving average price of $167.55.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.06. The business had revenue of $27.84 billion during the quarter, compared to analyst estimates of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The firm’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $1.67 EPS. As a group, analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were issued a dividend of $1.265 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 2.87%. PepsiCo’s dividend payout ratio is 77.02%.

Analysts Set New Price Targets

PEP has been the topic of a number of recent research reports. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research note on Monday, March 18th. Deutsche Bank Aktiengesellschaft raised their target price on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Wedbush reissued an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a report on Friday, February 9th. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and raised their price target for the company from $180.00 to $195.00 in a report on Monday, February 12th. Finally, StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, PepsiCo currently has an average rating of “Moderate Buy” and an average target price of $186.92.

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.