PepsiCo, Inc. (NASDAQ:PEP) Holdings Cut by Shepherd Financial Partners LLC

Shepherd Financial Partners LLC cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,678 shares of the company’s stock after selling 249 shares during the quarter. Shepherd Financial Partners LLC’s holdings in PepsiCo were worth $1,167,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of PEP. Empowered Funds LLC boosted its stake in shares of PepsiCo by 9.2% during the 3rd quarter. Empowered Funds LLC now owns 99,785 shares of the company’s stock worth $16,968,000 after acquiring an additional 8,406 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in PepsiCo by 104.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company’s stock worth $259,350,000 after purchasing an additional 870,451 shares during the period. Janus Henderson Group PLC grew its holdings in PepsiCo by 11.0% during the third quarter. Janus Henderson Group PLC now owns 350,225 shares of the company’s stock valued at $59,549,000 after purchasing an additional 34,633 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV lifted its stake in shares of PepsiCo by 12.8% in the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company’s stock worth $6,323,000 after buying an additional 4,712 shares during the last quarter. Finally, IHT Wealth Management LLC boosted its holdings in shares of PepsiCo by 19.3% during the 3rd quarter. IHT Wealth Management LLC now owns 32,267 shares of the company’s stock worth $5,493,000 after buying an additional 5,220 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on PEP. Royal Bank of Canada began coverage on shares of PepsiCo in a research report on Tuesday. They set a $172.00 target price for the company. Evercore ISI lowered their target price on PepsiCo from $180.00 to $160.00 in a report on Tuesday. Barclays cut their price target on PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a report on Thursday. Citigroup dropped their target price on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, CICC Research reissued a “market perform” rating on shares of PepsiCo in a report on Friday. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $171.47.

PepsiCo Trading Down 0.5 %

Shares of PepsiCo stock opened at $144.58 on Friday. The stock has a market capitalization of $198.29 billion, a P/E ratio of 20.80, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a 50-day simple moving average of $151.80 and a 200 day simple moving average of $164.26.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the previous year, the business earned $1.78 EPS. PepsiCo’s revenue was down .2% compared to the same quarter last year. Research analysts expect that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

About PepsiCo

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.