Sigma Planning Corp Sells 2,352 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Sigma Planning Corp decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 7.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,248 shares of the company’s stock after selling 2,352 shares during the quarter. Sigma Planning Corp’s holdings in PepsiCo were worth $4,752,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Paulson Wealth Management Inc. raised its stake in shares of PepsiCo by 2.1% in the 3rd quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company’s stock valued at $508,000 after buying an additional 60 shares in the last quarter. LCM Capital Management Inc increased its position in shares of PepsiCo by 0.8% during the 3rd quarter. LCM Capital Management Inc now owns 7,573 shares of the company’s stock worth $1,288,000 after purchasing an additional 62 shares in the last quarter. Demars Financial Group LLC increased its position in shares of PepsiCo by 1.1% during the 3rd quarter. Demars Financial Group LLC now owns 5,721 shares of the company’s stock worth $973,000 after purchasing an additional 62 shares in the last quarter. Sigma Investment Counselors Inc. increased its position in shares of PepsiCo by 1.6% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 4,310 shares of the company’s stock worth $733,000 after purchasing an additional 66 shares in the last quarter. Finally, Tcfg Wealth Management LLC increased its position in shares of PepsiCo by 3.5% during the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PEP. Wells Fargo & Company dropped their target price on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. TD Cowen lowered their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Piper Sandler initiated coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. Finally, Evercore ISI lowered their price objective on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. One research 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $171.47.

PepsiCo Stock Up 3.0 %

Shares of NASDAQ PEP opened at $153.50 on Friday. The firm has a market capitalization of $210.53 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 3.09 and a beta of 0.54. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The firm’s 50-day moving average is $148.66 and its 200-day moving average is $162.18.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping 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 business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same quarter last year, the firm earned $1.78 EPS. PepsiCo’s quarterly revenue was down .2% compared to the same quarter last year. Equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 yield of 3.53%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is 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.