Shepherd Financial Partners LLC Has $1.17 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Shepherd Financial Partners LLC trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,678 shares of the company’s stock after selling 249 shares during the quarter. Shepherd Financial Partners LLC’s holdings in PepsiCo were worth $1,167,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in PepsiCo in the fourth quarter valued at approximately $514,000. Centerline Wealth Advisors LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at $1,655,000. Global X Japan Co. Ltd. raised its stake in PepsiCo by 20.4% during the 4th quarter. Global X Japan Co. Ltd. now owns 3,022 shares of the company’s stock worth $460,000 after buying an additional 513 shares during the period. Fairvoy Private Wealth LLC acquired a new position in PepsiCo in the fourth quarter valued at about $670,000. Finally, Keystone Financial Group Inc. bought a new stake in shares of PepsiCo in the fourth quarter worth about $69,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 0.5 %

Shares of NASDAQ:PEP opened at $144.58 on Friday. The company has a 50-day simple moving average of $151.80 and a 200 day simple moving average of $164.26. The company has a market capitalization of $198.29 billion, a P/E ratio of 20.80, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.70 and a current ratio of 0.82. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter in the prior year, the business earned $1.78 EPS. The firm’s revenue for the quarter was down .2% on a year-over-year basis. Sell-side analysts forecast that PepsiCo, Inc. will post 8.34 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.75%. PepsiCo’s dividend payout ratio is currently 77.99%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PEP. Citigroup decreased their price objective on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research report on Friday. Morgan Stanley cut their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Deutsche Bank Aktiengesellschaft dropped their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Finally, UBS Group decreased their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $171.47.

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.