Cohen Capital Management Inc. Has $13.72 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Cohen Capital Management Inc. decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,223 shares of the company’s stock after selling 90 shares during the period. PepsiCo comprises about 2.3% of Cohen Capital Management Inc.’s portfolio, making the stock its 10th largest holding. Cohen Capital Management Inc.’s holdings in PepsiCo were worth $13,719,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PEP. Highline Wealth Partners LLC bought a new position in shares of PepsiCo during the third quarter worth about $28,000. Collier Financial bought a new position in shares of PepsiCo during the fourth quarter worth about $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo during the fourth quarter worth about $30,000. Legacy Investment Solutions LLC bought a new position in shares of PepsiCo during the third quarter worth about $31,000. Finally, Rakuten Securities Inc. grew its position in shares of PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $153.50 on Friday. The firm has a 50-day moving average of $148.66 and a two-hundred day moving average of $162.18. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $210.53 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 3.09 and a beta of 0.54. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.02. The firm 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 business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.78 EPS. As a group, analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.53%. PepsiCo’s payout ratio is presently 77.99%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PEP shares. Evercore ISI lowered their price target on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Royal Bank of Canada initiated coverage on shares of PepsiCo in a report on Tuesday, February 4th. They issued a $172.00 price objective for the company. Finally, BNP Paribas reduced their price objective 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. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, PepsiCo presently has an average rating of “Hold” and an average target price of $171.47.

About PepsiCo

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.