Mather Group LLC. Sells 315 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Mather Group LLC. lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 10,613 shares of the company’s stock after selling 315 shares during the quarter. Mather Group LLC.’s holdings in PepsiCo were worth $1,614,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEP. Highline Wealth Partners LLC acquired a new stake in PepsiCo in the 3rd quarter valued at $28,000. Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo during the 3rd quarter worth about $31,000. Rakuten Securities Inc. increased its position in shares of PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares in the last quarter. ORG Wealth Partners LLC bought a new position in PepsiCo during the 3rd quarter valued at about $44,000. Finally, Global Wealth Strategies & Associates grew its stake in PepsiCo by 145.3% during the fourth quarter. Global Wealth Strategies & Associates now owns 390 shares of the company’s stock worth $59,000 after buying an additional 231 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 4.5 %

NASDAQ PEP opened at $143.49 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The company has a market capitalization of $196.87 billion, a PE ratio of 21.16, a P/E/G ratio of 2.92 and a beta of 0.54. The stock has a 50-day simple moving average of $152.86 and a 200 day simple moving average of $164.71.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. PepsiCo’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the company posted $1.78 EPS. Research analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio is currently 79.94%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PEP shares. BNP Paribas reduced their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. HSBC lowered their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday. Finally, Evercore ISI dropped their target price on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $174.53.

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.