Wealthcare Advisory Partners LLC Decreases Stake in PepsiCo, Inc. (NASDAQ:PEP)

Wealthcare Advisory Partners LLC lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,659 shares of the company’s stock after selling 720 shares during the period. Wealthcare Advisory Partners LLC’s holdings in PepsiCo were worth $2,829,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. Jacobsen Capital Management boosted its position in shares of PepsiCo by 4.8% in the 3rd quarter. Jacobsen Capital Management now owns 2,402 shares of the company’s stock worth $407,000 after buying an additional 111 shares in the last quarter. Northstar Asset Management LLC lifted its holdings in PepsiCo by 11.7% in the 3rd quarter. Northstar Asset Management LLC now owns 18,288 shares of the company’s stock valued at $3,099,000 after purchasing an additional 1,914 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. lifted its holdings in shares of PepsiCo by 0.7% during the 3rd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 94,956 shares of the company’s stock worth $16,089,000 after acquiring an additional 631 shares during the period. Sage Mountain Advisors LLC increased its position in PepsiCo by 21.4% during the 3rd quarter. Sage Mountain Advisors LLC now owns 5,909 shares of the company’s stock worth $1,001,000 after purchasing an additional 1,041 shares in the last quarter. Finally, Mastrapasqua Asset Management Inc. increased its position in PepsiCo by 0.5% during the 3rd quarter. Mastrapasqua Asset Management Inc. now owns 57,239 shares of the company’s stock worth $9,699,000 after purchasing an additional 308 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

NASDAQ:PEP traded down $0.33 during mid-day trading on Monday, reaching $175.82. 3,576,177 shares of the stock were exchanged, compared to its average volume of 5,716,585. The business has a fifty day moving average price of $170.30 and a 200 day moving average price of $168.57. The firm has a market capitalization of $241.72 billion, a PE ratio of 26.44, a PEG ratio of 2.87 and a beta of 0.52. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. During the same period last year, the company posted $1.50 EPS. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. Research analysts expect that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.08%. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 7th. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

Analysts Set New Price Targets

Several analysts have issued reports on PEP shares. Deutsche Bank Aktiengesellschaft increased 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. Jefferies Financial Group raised their price objective on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Wedbush restated an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research note on Tuesday, April 23rd. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Finally, Barclays raised their target price on PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $187.42.

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.