PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Hudson Value Partners LLC

Hudson Value Partners LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 6,195 shares of the company’s stock after selling 225 shares during the quarter. Hudson Value Partners LLC’s holdings in PepsiCo were worth $942,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of PEP. Collier Financial acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $28,000. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo during the fourth quarter worth approximately $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo during the fourth quarter worth approximately $30,000. Prudent Man Investment Management Inc. purchased a new stake in shares of PepsiCo during the fourth quarter worth approximately $30,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in shares of PepsiCo during the fourth quarter worth approximately $31,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on PEP. Bank of America cut their price target on PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Jefferies Financial Group cut 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 research note on Wednesday, March 12th. Wells Fargo & Company cut their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Barclays cut their price target on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. Finally, CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, fifteen have given 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 an average target price of $160.69.

PepsiCo Stock Down 0.0%

PepsiCo stock opened at $130.12 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 $178.40 billion, a price-to-earnings ratio of 18.72, 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 $181.89. The stock’s fifty day moving average is $139.93 and its two-hundred day moving average is $148.69.

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 given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date is Friday, June 6th. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio (DPR) is currently 83.68%.

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.