New Republic Capital LLC Sells 814 Shares of PepsiCo, Inc. (NASDAQ:PEP)

New Republic Capital LLC trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 27.1% during the fourth quarter, Holdings Channel reports. The firm owned 2,186 shares of the company’s stock after selling 814 shares during the period. New Republic Capital LLC’s holdings in PepsiCo were worth $336,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. AMF Tjanstepension AB raised its stake in shares of PepsiCo by 15.8% in the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock worth $50,016,000 after acquiring an additional 40,031 shares during the last quarter. Annex Advisory Services LLC raised its holdings in PepsiCo by 4.6% during the 3rd quarter. Annex Advisory Services LLC now owns 5,508 shares of the company’s stock worth $937,000 after purchasing an additional 243 shares during the last quarter. Retirement Planning Group LLC bought a new position in shares of PepsiCo in the 3rd quarter valued at about $749,000. Willis Investment Counsel boosted its stake in PepsiCo by 0.3% in the third quarter. Willis Investment Counsel now owns 194,766 shares of the company’s stock valued at $33,120,000 after acquiring an additional 547 shares during the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in shares of PepsiCo by 49.7% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,976 shares of the company’s stock valued at $336,000 after acquiring an additional 656 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PEP. JPMorgan Chase & Co. reduced their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. UBS Group cut their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. CICC Research restated a “market perform” rating on shares of PepsiCo in a research report on Friday. Morgan Stanley lowered their price target on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, 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. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $171.47.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $144.35 on Tuesday. The company’s 50 day moving average price is $151.42 and its two-hundred day moving average price is $164.06. The firm has a market capitalization of $197.98 billion, a P/E ratio of 20.77, a P/E/G ratio of 2.89 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.70. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP) last posted 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 firm had revenue of $27.78 billion during 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 business’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the company earned $1.78 earnings per share. On average, equities analysts forecast that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

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 given a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.75%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

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.