Coldstream Capital Management Inc. Has $9.22 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Coldstream Capital Management Inc. cut its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,624 shares of the company’s stock after selling 939 shares during the quarter. Coldstream Capital Management Inc.’s holdings in PepsiCo were worth $9,218,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PEP. Collier Financial purchased a new position in shares of PepsiCo in the 4th quarter worth about $28,000. WealthTrak Capital Management LLC purchased a new position in PepsiCo in the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo during the 4th quarter valued at approximately $30,000. Prudent Man Investment Management Inc. purchased a new stake in shares of PepsiCo during the 4th quarter worth approximately $30,000. Finally, Summit Securities Group LLC purchased a new position in PepsiCo in the fourth quarter valued at approximately $33,000. 73.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PEP. UBS Group lowered their target price on PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research note on Friday. Piper Sandler initiated coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price for the company. HSBC lowered their price target on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price objective on shares of PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a research note on Monday, April 21st. Finally, Bank of America dropped their target price on PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, PepsiCo has an average rating of “Hold” and a consensus price target of $162.00.

PepsiCo Trading Down 1.4 %

Shares of PEP opened at $133.38 on Friday. 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 $131.80 and a 1-year high of $183.41. The company has a market capitalization of $182.91 billion, a P/E ratio of 19.19, a P/E/G ratio of 3.09 and a beta of 0.49. The firm’s 50 day simple moving average is $147.70 and its 200 day simple moving average is $153.92.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.04). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo’s dividend payout ratio 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.