Mcmorgan & Co. LLC Sells 85 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Mcmorgan & Co. LLC lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,082 shares of the company’s stock after selling 85 shares during the quarter. Mcmorgan & Co. LLC’s holdings in PepsiCo were worth $621,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Collier Financial bought a new stake in shares of PepsiCo during the 4th quarter valued at $28,000. WealthTrak Capital Management LLC bought a new stake in PepsiCo during the fourth quarter worth about $28,000. Creative Capital Management Investments LLC bought a new position in PepsiCo in the 4th quarter valued at about $30,000. Prudent Man Investment Management Inc. acquired a new position in shares of PepsiCo in the 4th quarter valued at approximately $30,000. Finally, Summit Securities Group LLC bought a new stake in shares of PepsiCo during the 4th quarter worth approximately $33,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PEP opened at $142.84 on Friday. The business has a 50-day moving average of $148.16 and a 200-day moving average of $154.84. PepsiCo, Inc. has a 1 year low of $138.33 and a 1 year high of $183.41. The company has a market capitalization of $195.88 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. 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 (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.78 EPS. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date was Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Wall Street Analysts Forecast Growth

PEP has been the subject of several research analyst reports. Citigroup lowered their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Barclays downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $168.00 to $156.00 in a research report on Tuesday, March 18th. Piper Sandler began coverage on PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price on the stock. Jefferies Financial Group cut shares of PepsiCo from a “buy” rating to a “hold” rating and dropped their target price for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Finally, StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus price target of $168.12.

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.