Full Sail Capital LLC Sells 1,624 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Full Sail Capital LLC decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 11.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,076 shares of the company’s stock after selling 1,624 shares during the quarter. Full Sail Capital LLC’s holdings in PepsiCo were worth $1,836,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PEP. Collier Financial purchased a new position in shares of PepsiCo during the fourth quarter valued at about $28,000. WealthTrak Capital Management LLC bought a new stake in PepsiCo in the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo during the 4th quarter worth approximately $30,000. Prudent Man Investment Management Inc. purchased a new position in shares of PepsiCo in the fourth quarter valued at $30,000. Finally, Summit Securities Group LLC bought a new stake in PepsiCo in the fourth quarter worth $33,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.8 %

Shares of NASDAQ PEP opened at $130.44 on Friday. The stock has a 50 day moving average price of $143.73 and a 200 day moving average price of $151.04. The firm has a market capitalization of $178.84 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 52-week low of $130.16 and a 52-week high of $183.41. 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 (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). The firm had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.61 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.36%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo’s dividend payout ratio (DPR) is presently 83.68%.

Wall Street Analyst Weigh In

PEP has been the subject of a number of recent research reports. UBS Group dropped their price objective on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research note on Friday, April 25th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Wells Fargo & Company decreased their price objective on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Morgan Stanley dropped their target price on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Finally, CICC Research restated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average price target of $160.69.

PepsiCo 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.