One Charles Private Wealth Services LLC Decreases Position in PepsiCo, Inc. (NASDAQ:PEP)

One Charles Private Wealth Services LLC decreased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,863 shares of the company’s stock after selling 88 shares during the period. One Charles Private Wealth Services LLC’s holdings in PepsiCo were worth $283,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Tcfg Wealth Management LLC increased its position in PepsiCo by 3.5% during the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after buying an additional 66 shares during the period. Lincoln Capital LLC increased its holdings in shares of PepsiCo by 0.4% in the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock valued at $2,556,000 after acquiring an additional 70 shares during the period. Marshall Financial Group LLC raised its position in PepsiCo by 2.3% in the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company’s stock valued at $476,000 after purchasing an additional 70 shares during the last quarter. Osprey Private Wealth LLC boosted its stake in PepsiCo by 0.5% during the 4th quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company’s stock worth $2,290,000 after purchasing an additional 70 shares during the period. Finally, Michael S. Ryan Inc. increased its stake in PepsiCo by 3.3% in the fourth quarter. Michael S. Ryan Inc. now owns 2,239 shares of the company’s stock valued at $340,000 after purchasing an additional 71 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PEP shares. Evercore ISI lowered their price target on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. JPMorgan Chase & Co. lowered their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Morgan Stanley decreased their price target on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. HSBC dropped their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Finally, Barclays cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $168.00 to $156.00 in a research note on Tuesday. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $169.88.

PepsiCo Stock Performance

Shares of PEP stock opened at $147.15 on Friday. The stock has a fifty day moving average price of $148.98 and a 200 day moving average price of $159.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The stock has a market cap of $201.82 billion, a PE ratio of 21.17, a P/E/G ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $27.89 billion. During the same period in the previous year, the firm earned $1.78 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business 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 is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.68%. PepsiCo’s dividend payout ratio is currently 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.