Legacy Financial Advisors Inc. Has $1.21 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Legacy Financial Advisors Inc. reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 15.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,985 shares of the company’s stock after selling 1,442 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in PepsiCo were worth $1,214,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. WealthTrak Capital Management LLC bought a new stake in shares of PepsiCo during the 4th quarter worth $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 acquired a new stake in PepsiCo during the fourth quarter worth approximately $30,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo during the fourth quarter worth approximately $30,000. Finally, Summit Securities Group LLC acquired a new stake in PepsiCo during the fourth quarter worth approximately $33,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PEP shares. Deutsche Bank Aktiengesellschaft reduced their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Citigroup dropped their target price on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and lowered their target price for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Finally, Barclays lowered PepsiCo from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $168.00 to $156.00 in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $169.88.

PepsiCo Trading Up 3.8 %

Shares of PEP stock opened at $145.59 on Thursday. The stock has a market capitalization of $199.65 billion, a PE ratio of 20.95, a P/E/G ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 1-year low of $138.33 and a 1-year high of $183.41. The business has a 50-day moving average of $148.47 and a 200 day moving average of $156.13. 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 (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter last year, the business posted $1.78 EPS. The business’s revenue was down .2% on a year-over-year basis. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo’s payout ratio is 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.