Bfsg LLC Sells 758 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Bfsg LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 14,673 shares of the company’s stock after selling 758 shares during the quarter. Bfsg LLC’s holdings in PepsiCo were worth $2,492,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PEP. LFA Lugano Financial Advisors SA raised its stake in shares of PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after acquiring an additional 70 shares in the last quarter. Life Planning Partners Inc purchased a new position in shares of PepsiCo during the fourth quarter worth approximately $34,000. Naples Money Management LLC purchased a new position in shares of PepsiCo during the fourth quarter worth approximately $36,000. Criterion Capital Advisors LLC purchased a new position in shares of PepsiCo during the fourth quarter worth approximately $39,000. Finally, Avion Wealth raised its stake in shares of PepsiCo by 61.7% during the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after acquiring an additional 92 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Up 0.0 %

PEP stock traded up $0.04 during trading on Thursday, hitting $177.45. 3,313,026 shares of the stock traded hands, compared to its average volume of 5,814,328. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88. The firm’s 50 day moving average is $169.04 and its two-hundred day moving average is $167.70. The stock has a market cap of $243.91 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 2.69 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. During the same period last year, the firm posted $1.50 EPS. The company’s revenue was up 2.3% on a year-over-year basis. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were issued a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

Analyst Upgrades and Downgrades

PEP has been the topic of several analyst reports. Barclays lifted their target price on shares of PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Morgan Stanley raised shares of 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. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $180.00 to $195.00 in a research report on Monday, February 12th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 price objective on shares of PepsiCo in a research report on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.33.

PepsiCo 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.