PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by O Brien Wealth Partners LLC

O Brien Wealth Partners LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 19.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 417 shares of the company’s stock after selling 100 shares during the quarter. O Brien Wealth Partners LLC’s holdings in PepsiCo were worth $63,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Hendershot Investments Inc. increased its stake in PepsiCo by 7.8% during the 4th quarter. Hendershot Investments Inc. now owns 115,177 shares of the company’s stock worth $17,514,000 after buying an additional 8,376 shares in the last quarter. Forbes J M & Co. LLP lifted its holdings in PepsiCo by 0.3% in the fourth quarter. Forbes J M & Co. LLP now owns 88,850 shares of the company’s stock valued at $13,511,000 after acquiring an additional 260 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in PepsiCo by 105.8% in the fourth quarter. Apollon Wealth Management LLC now owns 141,875 shares of the company’s stock valued at $21,573,000 after acquiring an additional 72,946 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. lifted its holdings in PepsiCo by 5.6% in the fourth quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 4,716 shares of the company’s stock valued at $717,000 after acquiring an additional 250 shares during the last quarter. Finally, Almanack Investment Partners LLC. lifted its stake in PepsiCo by 26.8% during the fourth quarter. Almanack Investment Partners LLC. now owns 1,852 shares of the company’s stock worth $282,000 after purchasing an additional 391 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP stock opened at $144.58 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.70 and a debt-to-equity ratio of 2.05. The firm has a 50 day moving average of $151.42 and a 200-day moving average of $164.10. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The company has a market cap 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 (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same period last year, the company posted $1.78 EPS. The company’s revenue was down .2% on a year-over-year basis. As a group, equities analysts expect that PepsiCo, Inc. will post 8.34 EPS for the current fiscal year.

PepsiCo Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Morgan Stanley decreased their price target on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Barclays dropped their target price on PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a report on Thursday. Royal Bank of Canada started coverage on PepsiCo in a report on Tuesday, February 4th. They set a $172.00 price objective on the stock. Citigroup dropped their price objective on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Evercore ISI lowered their price target on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, PepsiCo presently has an average rating of “Hold” and an average price target of $171.47.

PepsiCo Company 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.