Capital Counsel LLC NY Sells 75 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Capital Counsel LLC NY cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,470 shares of the company’s stock after selling 75 shares during the quarter. PepsiCo makes up approximately 0.1% of Capital Counsel LLC NY’s investment portfolio, making the stock its 26th largest holding. Capital Counsel LLC NY’s holdings in PepsiCo were worth $2,048,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PEP. Howard Capital Management Group LLC grew its stake in shares of PepsiCo by 2.0% in the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after acquiring an additional 90 shares in the last quarter. Morse Asset Management Inc acquired a new position in shares of PepsiCo during the 3rd quarter worth approximately $996,000. Invst LLC increased its holdings in shares of PepsiCo by 4.6% during the third quarter. Invst LLC now owns 3,003 shares of the company’s stock worth $511,000 after purchasing an additional 133 shares during the period. Virtu Financial LLC bought a new stake in shares of PepsiCo in the third quarter valued at approximately $1,611,000. Finally, Te Ahumairangi Investment Management Ltd grew its position in PepsiCo by 3.4% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 16,624 shares of the company’s stock worth $2,811,000 after buying an additional 550 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on PEP. Evercore ISI dropped their price objective on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Bank of America reaffirmed a “neutral” rating and issued a $155.00 price target (down previously from $185.00) on shares of PepsiCo in a research note on Tuesday. TD Cowen decreased their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and cut their price target for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Finally, Citigroup decreased their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $168.12.

PepsiCo Trading Up 2.0 %

Shares of NASDAQ PEP opened at $142.84 on Friday. The stock has a market cap of $195.88 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. The firm has a 50 day moving average price of $148.22 and a two-hundred day moving average price of $155.14. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a 52-week low of $138.33 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The firm 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 was down .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.78 EPS. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.79%. PepsiCo’s dividend payout ratio (DPR) is currently 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.