Smart Portfolios LLC Trims Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Smart Portfolios LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,138 shares of the company’s stock after selling 95 shares during the period. Smart Portfolios LLC’s holdings in PepsiCo were worth $477,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of PepsiCo by 4.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 9,454 shares of the company’s stock valued at $1,438,000 after purchasing an additional 431 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in PepsiCo by 3.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 213,908 shares of the company’s stock valued at $32,527,000 after acquiring an additional 7,959 shares during the last quarter. Windle Wealth LLC increased its position in shares of PepsiCo by 9.1% during the 4th quarter. Windle Wealth LLC now owns 41,942 shares of the company’s stock worth $6,378,000 after purchasing an additional 3,484 shares during the last quarter. Natural Investments LLC purchased a new stake in shares of PepsiCo during the fourth quarter worth $2,003,000. Finally, Fairway Wealth LLC acquired a new stake in PepsiCo during the 4th quarter worth $69,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

Shares of PEP stock opened at $152.33 on Wednesday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The business has a fifty day moving average of $148.90 and a 200 day moving average of $160.46. The firm has a market capitalization of $208.92 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52.

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 company had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. During the same period last year, the firm earned $1.78 earnings per share. PepsiCo’s quarterly revenue was down .2% on a year-over-year basis. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.56%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Wall Street Analyst Weigh In

PEP has been the topic of several recent analyst reports. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Wells Fargo & Company dropped their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. JPMorgan Chase & Co. dropped their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Evercore ISI decreased their price target on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Finally, TD Cowen lowered their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. One 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $172.35.

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.