Capital Market Strategies LLC Reduces Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Capital Market Strategies LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,976 shares of the company’s stock after selling 183 shares during the quarter. Capital Market Strategies LLC’s holdings in PepsiCo were worth $453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Pensionfund Sabic boosted its position in shares of PepsiCo by 52.0% in the fourth quarter. Pensionfund Sabic now owns 19,000 shares of the company’s stock valued at $2,889,000 after acquiring an additional 6,500 shares during the period. Everence Capital Management Inc. raised its position in shares of PepsiCo by 48.2% in the fourth quarter. Everence Capital Management Inc. now owns 56,089 shares of the company’s stock worth $8,529,000 after buying an additional 18,250 shares in the last quarter. Versant Capital Management Inc boosted its stake in PepsiCo by 22.6% during the fourth quarter. Versant Capital Management Inc now owns 4,323 shares of the company’s stock valued at $657,000 after buying an additional 797 shares during the period. Global Wealth Strategies & Associates grew its position in PepsiCo by 145.3% during the fourth quarter. Global Wealth Strategies & Associates now owns 390 shares of the company’s stock worth $59,000 after buying an additional 231 shares in the last quarter. Finally, SK Wealth Management LLC purchased a new stake in shares of PepsiCo in the 3rd quarter valued at about $384,000. 73.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Bank of America dropped their price target on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded PepsiCo from a “hold” rating to a “buy” rating and increased their price objective for the company from $179.00 to $184.00 in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $184.31.

PepsiCo Trading Down 1.6 %

NASDAQ:PEP traded down $2.40 during trading hours on Monday, hitting $147.25. The company had a trading volume of 3,946,496 shares, compared to its average volume of 4,610,172. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. PepsiCo, Inc. has a 52 week low of $147.15 and a 52 week high of $183.41. The company has a market capitalization of $202.03 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 2.94 and a beta of 0.54. The stock has a 50-day moving average price of $159.51 and a 200 day moving average price of $167.26.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.01. The company had revenue of $23.32 billion for the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. PepsiCo’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.25 earnings per share. On average, equities research analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 6th will be issued a $1.355 dividend. The ex-dividend date is Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.68%. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

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.