PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 12.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,242 shares of the company’s stock after selling 880 shares during the quarter. Quotient Wealth Partners LLC’s holdings in PepsiCo were worth $949,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PEP. AMF Tjanstepension AB grew its holdings in shares of PepsiCo by 15.8% during the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock worth $50,016,000 after buying an additional 40,031 shares during the last quarter. Fermata Advisors LLC grew its stake in shares of PepsiCo by 7.5% in the 3rd quarter. Fermata Advisors LLC now owns 1,588 shares of the company’s stock valued at $270,000 after purchasing an additional 111 shares during the last quarter. Ferguson Shapiro LLC acquired a new position in shares of PepsiCo in the third quarter valued at approximately $290,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of PepsiCo by 84.2% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 37,417 shares of the company’s stock worth $6,362,000 after purchasing an additional 17,100 shares during the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its position in PepsiCo by 9.6% in the 3rd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 5,984 shares of the company’s stock valued at $1,018,000 after buying an additional 525 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on PEP. UBS Group cut their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada assumed coverage on PepsiCo in a report on Tuesday, February 4th. They issued a $172.00 price objective on the stock. BNP Paribas reduced their price target on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft cut their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company reduced their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average target price of $171.47.

PepsiCo Stock Performance

NASDAQ:PEP opened at $144.58 on Friday. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The firm has a 50 day simple moving average of $151.42 and a 200-day simple moving average of $164.10. The firm has a market cap of $198.29 billion, a PE ratio of 20.80, 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 (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.78 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 8.34 EPS for the current year.

PepsiCo Announces Dividend

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