PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Bristlecone Advisors LLC

Bristlecone Advisors LLC trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,165 shares of the company’s stock after selling 360 shares during the period. Bristlecone Advisors LLC’s holdings in PepsiCo were worth $3,979,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC purchased a new stake in PepsiCo during the third quarter worth approximately $28,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo during the third quarter worth approximately $31,000. Rakuten Securities Inc. boosted its holdings in shares of PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after buying an additional 96 shares in the last quarter. Bay Harbor Wealth Management LLC acquired a new stake in PepsiCo during the 4th quarter worth $34,000. Finally, ORG Wealth Partners LLC purchased a new stake in PepsiCo in the third quarter valued at $44,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PEP shares. BNP Paribas reduced their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. TD Cowen dropped their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a report on Friday. Wells Fargo & Company cut their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, Citigroup dropped their price objective on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $171.47.

PepsiCo Trading Down 0.5 %

NASDAQ PEP opened at $144.58 on Monday. 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 one year low of $141.51 and a one year high of $183.41. The company’s 50 day moving average price is $151.42 and its 200 day moving average price is $164.09. The firm has a market capitalization of $198.29 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 2.89 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company’s revenue was down .2% on a year-over-year basis. During the same period last year, the business posted $1.78 EPS. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.34 EPS for the current year.

PepsiCo Announces Dividend

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

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.