Wilmington Savings Fund Society FSB Lowers Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Wilmington Savings Fund Society FSB lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 208,213 shares of the company’s stock after selling 7,898 shares during the period. Wilmington Savings Fund Society FSB’s holdings in PepsiCo were worth $31,661,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Highline Wealth Partners LLC purchased a new stake in shares of PepsiCo during the third quarter worth about $28,000. Legacy Investment Solutions LLC purchased a new stake in PepsiCo during the 3rd quarter worth approximately $31,000. Rakuten Securities Inc. lifted its position in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after acquiring an additional 96 shares in the last quarter. Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo in the fourth quarter worth approximately $34,000. Finally, ORG Wealth Partners LLC acquired a new position in PepsiCo in the 3rd quarter valued at $44,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PEP. BNP Paribas dropped their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday. UBS Group dropped their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. CICC Research restated a “market perform” rating on shares of PepsiCo in a report on Friday. Royal Bank of Canada began coverage on PepsiCo in a report on Tuesday. They issued a $172.00 price target for the company. Finally, Citigroup lowered their price objective on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $171.47.

PepsiCo Trading Down 0.5 %

PEP opened at $144.58 on Friday. The business has a fifty day moving average price of $151.80 and a 200 day moving average price of $164.26. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.70. The stock has a market capitalization of $198.29 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 2.89 and a beta of 0.54. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last announced 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 the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.78 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

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.