McGowan Group Asset Management Inc. Sells 166 Shares of PepsiCo, Inc. (NASDAQ:PEP)

McGowan Group Asset Management Inc. reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,900 shares of the company’s stock after selling 166 shares during the period. McGowan Group Asset Management Inc.’s holdings in PepsiCo were worth $289,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Collier Financial bought a new stake in shares of PepsiCo during the fourth quarter worth $28,000. WealthTrak Capital Management LLC bought a new position in PepsiCo in the fourth quarter worth approximately $28,000. Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo in the 4th quarter worth about $30,000. Prudent Man Investment Management Inc. acquired a new position in PepsiCo during the 4th quarter valued at about $30,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in shares of PepsiCo in the fourth quarter worth approximately $31,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ:PEP opened at $131.68 on Tuesday. PepsiCo, Inc. has a twelve month low of $130.06 and a twelve month high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The stock has a market cap of $180.54 billion, a P/E ratio of 18.95, a PEG ratio of 3.09 and a beta of 0.47. The business’s 50-day moving average price is $143.28 and its two-hundred day moving average price is $150.46.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $17.92 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same period in the prior year, the firm earned $1.61 EPS. PepsiCo’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared 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 is a positive change from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date is Friday, June 6th. PepsiCo’s dividend payout ratio is currently 83.68%.

Analyst Ratings Changes

A number of equities research analysts recently commented on PEP shares. Evercore ISI set a $140.00 price target on PepsiCo in a research report on Thursday, April 24th. Wells Fargo & Company dropped their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. JPMorgan Chase & Co. raised their target price on PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a research report on Monday, April 21st. BNP Paribas reduced their price target on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Finally, Morgan Stanley dropped their target price on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $160.69.

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.