PepsiCo, Inc. (NASDAQ:PEP) Stock Position Trimmed by LFA Lugano Financial Advisors SA

LFA Lugano Financial Advisors SA lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 33.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 553 shares of the company’s stock after selling 274 shares during the period. LFA Lugano Financial Advisors SA’s holdings in PepsiCo were worth $84,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Collier Financial bought a new position in shares of PepsiCo in the fourth quarter worth $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo in the fourth quarter worth about $30,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the 3rd quarter valued at about $31,000. Rakuten Securities Inc. increased its stake in PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after buying an additional 96 shares during the period. Finally, Bay Harbor Wealth Management LLC bought a new stake in shares of PepsiCo during the 4th quarter worth about $34,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of PEP opened at $148.17 on Thursday. The business’s 50-day moving average is $148.82 and its 200-day moving average is $160.37. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The company has a market capitalization of $203.22 billion, a price-to-earnings ratio of 21.32, a P/E/G ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. The firm 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 revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.78 EPS. Equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given 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 yield of 3.66%. PepsiCo’s payout ratio is 77.99%.

Wall Street Analyst Weigh In

A number of research firms recently commented on PEP. Citigroup lowered their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft lowered their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Evercore ISI lowered their target price on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Jefferies Financial Group downgraded 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. Finally, Wells Fargo & Company dropped their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $170.59.

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.