True Wealth Design LLC Decreases Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

True Wealth Design LLC lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 20.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,082 shares of the company’s stock after selling 278 shares during the quarter. True Wealth Design LLC’s holdings in PepsiCo were worth $165,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PEP. Tcfg Wealth Management LLC grew its stake in shares of PepsiCo by 3.5% during the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after purchasing an additional 66 shares during the period. Lincoln Capital LLC lifted its holdings in PepsiCo by 0.4% in the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock valued at $2,556,000 after purchasing an additional 70 shares in the last quarter. Marshall Financial Group LLC raised its holdings in shares of PepsiCo by 2.3% during the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company’s stock worth $476,000 after acquiring an additional 70 shares during the period. Osprey Private Wealth LLC raised its holdings in shares of PepsiCo by 0.5% during the 4th quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company’s stock worth $2,290,000 after acquiring an additional 70 shares during the period. Finally, TAGStone Capital Inc. increased its position in shares of PepsiCo by 2.8% during the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company’s stock worth $388,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 0.4%

PepsiCo stock opened at $131.98 on Friday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm has a market capitalization of $180.96 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a fifty-two week low of $127.87 and a fifty-two week high of $182.13. The stock’s fifty day moving average is $141.38 and its two-hundred day moving average is $149.54.

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

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.31%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio (DPR) is presently 83.68%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PEP. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Royal Bank of Canada reissued a “sector perform” rating and set a $163.00 price objective on shares of PepsiCo in a research report on Tuesday, April 22nd. BNP Paribas decreased their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. JPMorgan Chase & Co. increased their price objective on PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a report on Monday, April 21st. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, PepsiCo has an average 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.