Interchange Capital Partners LLC Sells 1,213 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Interchange Capital Partners LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 10.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,746 shares of the company’s stock after selling 1,213 shares during the quarter. Interchange Capital Partners LLC’s holdings in PepsiCo were worth $1,639,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. ICW Investment Advisors LLC increased its position in PepsiCo by 0.8% in the 4th quarter. ICW Investment Advisors LLC now owns 21,072 shares of the company’s stock valued at $3,204,000 after acquiring an additional 159 shares during the period. TAGStone Capital Inc. increased its holdings in PepsiCo by 2.8% in the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company’s stock valued at $388,000 after purchasing an additional 70 shares during the period. Congress Wealth Management LLC DE raised its position in PepsiCo by 4.0% during the 4th quarter. Congress Wealth Management LLC DE now owns 25,126 shares of the company’s stock worth $3,821,000 after purchasing an additional 969 shares during the last quarter. Clune & Associates LTD. acquired a new position in PepsiCo during the 4th quarter worth about $291,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $246,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 1.2 %

PEP stock opened at $145.45 on Monday. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a market capitalization of $199.48 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company’s 50 day moving average price is $149.04 and its two-hundred day moving average price is $158.96. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion during 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 was down .2% on a year-over-year basis. During the same period in the prior year, the business posted $1.78 earnings per share. As a group, analysts predict 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. Shareholders of record on Friday, March 7th will be given a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.73%. PepsiCo’s payout ratio is currently 77.99%.

Wall Street Analyst Weigh In

A number of brokerages have commented on PEP. TD Cowen decreased their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. BNP Paribas decreased their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Wells Fargo & Company dropped their price target on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Jefferies Financial Group downgraded PepsiCo from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. cut their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $169.88.

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.