Novare Capital Management LLC cut its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,113 shares of the company’s stock after selling 772 shares during the quarter. PepsiCo comprises approximately 1.6% of Novare Capital Management LLC’s holdings, making the stock its 15th biggest position. Novare Capital Management LLC’s holdings in PepsiCo were worth $11,769,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Evolution Wealth Advisors LLC raised its stake in PepsiCo by 221.0% in the 4th quarter. Evolution Wealth Advisors LLC now owns 199 shares of the company’s stock valued at $27,000 after acquiring an additional 137 shares during the period. Vista Private Wealth Partners. LLC bought a new position in PepsiCo during the third quarter worth $36,000. Exchange Traded Concepts LLC bought a new position in PepsiCo during the fourth quarter worth $40,000. Cordasco Financial Network increased its holdings in shares of PepsiCo by 50.0% in the third quarter. Cordasco Financial Network now owns 300 shares of the company’s stock valued at $41,000 after purchasing an additional 100 shares during the last quarter. Finally, 1 North Wealth Services LLC acquired a new position in shares of PepsiCo in the third quarter valued at $44,000. Institutional investors and hedge funds own 71.35% of the company’s stock.
Shares of PEP stock traded up $0.52 during trading on Friday, hitting $146.99. The company had a trading volume of 3,528,090 shares, compared to its average volume of 4,143,470. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.77 and a current ratio of 0.95. The firm has a market capitalization of $203.11 billion, a P/E ratio of 16.78, a price-to-earnings-growth ratio of 3.51 and a beta of 0.53. The stock’s 50-day moving average price is $140.04 and its 200 day moving average price is $136.11. PepsiCo, Inc. has a one year low of $111.88 and a one year high of $147.13.
PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.01. The firm had revenue of $20.64 billion for the quarter, compared to analyst estimates of $20.24 billion. PepsiCo had a return on equity of 55.00% and a net margin of 18.78%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $1.49 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 5.51 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th will be issued a dividend of $0.955 per share. This represents a $3.82 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Thursday, March 5th. PepsiCo’s dividend payout ratio (DPR) is currently 67.49%.
A number of research firms have recently issued reports on PEP. Cfra raised their target price on shares of PepsiCo from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Citigroup upped their price target on shares of PepsiCo from $143.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday. Evercore ISI reissued a “hold” rating on shares of PepsiCo in a report on Sunday, December 15th. Finally, BidaskClub upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Saturday, January 25th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the stock. PepsiCo has an average rating of “Hold” and a consensus target price of $137.45.
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
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