Samalin Investment Counsel LLC Sells 187 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Samalin Investment Counsel LLC cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,515 shares of the company’s stock after selling 187 shares during the period. Samalin Investment Counsel LLC’s holdings in PepsiCo were worth $535,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of PEP. Richwood Investment Advisors LLC grew its position in PepsiCo by 1.4% during the fourth quarter. Richwood Investment Advisors LLC now owns 5,817 shares of the company’s stock worth $885,000 after buying an additional 82 shares in the last quarter. M Holdings Securities Inc. bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $321,000. Banco de Sabadell S.A increased its position in shares of PepsiCo by 1.5% during the fourth quarter. Banco de Sabadell S.A now owns 13,907 shares of the company’s stock valued at $2,115,000 after purchasing an additional 201 shares during the period. Blueprint Investment Partners LLC raised its stake in shares of PepsiCo by 2.4% in the fourth quarter. Blueprint Investment Partners LLC now owns 4,592 shares of the company’s stock valued at $698,000 after purchasing an additional 108 shares in the last quarter. Finally, Guardian Partners Inc. bought a new position in PepsiCo in the fourth quarter worth $12,871,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. TD Cowen dropped their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Citigroup dropped their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Royal Bank of Canada initiated coverage on PepsiCo in a report on Tuesday, February 4th. They issued a $172.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft decreased 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 investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo currently has an average rating of “Hold” and a consensus target price of $169.88.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $145.45 on Monday. The stock has a market capitalization of $199.48 billion, a P/E ratio of 20.93, a P/E/G ratio of 3.09 and a beta of 0.52. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The business has a 50-day moving average price of $149.04 and a two-hundred day moving average price of $158.96.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the previous year, the business earned $1.78 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. Equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

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 paid 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 3.73%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

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.