Csenge Advisory Group Sells 1,092 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Csenge Advisory Group cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,909 shares of the company’s stock after selling 1,092 shares during the quarter. Csenge Advisory Group’s holdings in PepsiCo were worth $2,723,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Blue Zone Wealth Advisors LLC raised its holdings in PepsiCo by 17.1% during the fourth quarter. Blue Zone Wealth Advisors LLC now owns 5,309 shares of the company’s stock valued at $807,000 after acquiring an additional 774 shares during the period. Palouse Capital Management Inc. purchased a new position in shares of PepsiCo during the fourth quarter valued at about $61,000. Lee Financial Co grew its position in shares of PepsiCo by 6.1% during the fourth quarter. Lee Financial Co now owns 2,757 shares of the company’s stock valued at $421,000 after purchasing an additional 159 shares in the last quarter. Tcfg Wealth Management LLC grew its position in shares of PepsiCo by 3.5% during the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock valued at $295,000 after purchasing an additional 66 shares in the last quarter. Finally, Kuhn & Co Investment Counsel grew its position in shares of PepsiCo by 1.7% during the fourth quarter. Kuhn & Co Investment Counsel now owns 6,767 shares of the company’s stock valued at $1,029,000 after purchasing an additional 110 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 0.8 %

Shares of NASDAQ:PEP opened at $143.39 on Friday. The business has a 50 day simple moving average of $149.80 and a two-hundred day simple moving average of $163.20. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.70. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The firm has a market capitalization of $196.66 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the previous year, the firm posted $1.78 earnings per share. The company’s revenue was down .2% on a year-over-year basis. On average, equities analysts predict that PepsiCo, Inc. will post 8.34 EPS for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is presently 77.99%.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of research analyst reports. Royal Bank of Canada initiated coverage on PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price objective for the company. Wells Fargo & Company cut their price objective on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. TD Cowen dropped their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, Citigroup dropped their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and an average price target of $171.47.

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.