Signature Estate & Investment Advisors LLC Sells 291 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Signature Estate & Investment Advisors LLC lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,968 shares of the company’s stock after selling 291 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in PepsiCo were worth $603,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in PEP. Collier Financial acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC bought a new stake in PepsiCo during the 4th quarter valued at approximately $30,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo in the 3rd quarter valued at approximately $31,000. Bay Harbor Wealth Management LLC bought a new position in PepsiCo in the 4th quarter worth approximately $34,000. Finally, Human Investing LLC acquired a new position in shares of PepsiCo during the fourth quarter worth approximately $39,000. 73.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PEP has been the topic of a number of research reports. TD Cowen dropped their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley cut their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Citigroup cut their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Finally, Wells Fargo & Company lowered their price objective on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus target price of $169.88.

PepsiCo Trading Up 2.1 %

Shares of PEP opened at $148.64 on Thursday. The stock has a fifty day moving average price of $149.16 and a two-hundred day moving average price of $158.43. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The company has a market cap of $203.86 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) 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 the consensus estimate of $27.89 billion. During the same quarter in the prior year, the company earned $1.78 EPS. The firm’s quarterly revenue was down .2% on a year-over-year basis. Analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company 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 annualized dividend and a yield of 3.65%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio is 77.99%.

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.