Sfmg LLC Decreases Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Sfmg LLC cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,266 shares of the company’s stock after selling 827 shares during the quarter. Sfmg LLC’s holdings in PepsiCo were worth $2,253,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PEP. DHJJ Financial Advisors Ltd. bought a new stake in shares of PepsiCo in the 3rd quarter worth about $25,000. LFA Lugano Financial Advisors SA lifted its stake in PepsiCo by 80.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares during the last quarter. Life Planning Partners Inc purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $34,000. Avion Wealth grew its stake in shares of PepsiCo by 61.7% during the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after buying an additional 92 shares during the last quarter. Finally, Financial Connections Group Inc. purchased a new stake in shares of PepsiCo in the fourth quarter worth approximately $44,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the topic of several research analyst reports. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research report on Monday, March 18th. Wedbush reaffirmed an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research note on Friday, February 9th. Barclays boosted their price objective on shares of PepsiCo from $183.00 to $184.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $186.92.

PepsiCo Stock Up 0.7 %

Shares of NASDAQ:PEP traded up $1.16 on Wednesday, reaching $168.66. The company had a trading volume of 1,016,583 shares, compared to its average volume of 5,683,837. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $231.82 billion, a PE ratio of 25.49, a PEG ratio of 2.62 and a beta of 0.53. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88. The firm’s 50 day simple moving average is $168.62 and its 200-day simple moving average is $167.37.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The business had revenue of $27.84 billion during the quarter, compared to the consensus estimate of $28.40 billion. During the same period in the previous year, the company posted $1.67 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. As a group, analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a $1.265 dividend. This represents a $5.06 annualized dividend and a yield of 3.00%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio is presently 77.02%.

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.