Weatherly Asset Management L. P. Sells 233 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Weatherly Asset Management L. P. cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,724 shares of the company’s stock after selling 233 shares during the period. Weatherly Asset Management L. P.’s holdings in PepsiCo were worth $878,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of PEP. AMF Tjanstepension AB lifted its holdings in PepsiCo by 15.8% during the 3rd quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock worth $50,016,000 after buying an additional 40,031 shares in the last quarter. Annex Advisory Services LLC lifted its holdings in PepsiCo by 4.6% during the 3rd quarter. Annex Advisory Services LLC now owns 5,508 shares of the company’s stock worth $937,000 after buying an additional 243 shares in the last quarter. Retirement Planning Group LLC acquired a new position in PepsiCo during the 3rd quarter worth $749,000. Willis Investment Counsel lifted its holdings in PepsiCo by 0.3% during the 3rd quarter. Willis Investment Counsel now owns 194,766 shares of the company’s stock worth $33,120,000 after buying an additional 547 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in PepsiCo by 49.7% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,976 shares of the company’s stock worth $336,000 after buying an additional 656 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $144.35 on Tuesday. The stock has a market capitalization of $197.98 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 2.89 and a beta of 0.54. The business has a 50-day moving average of $151.42 and a 200-day moving average of $164.06. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.70. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its 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. 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 the consensus estimate of $27.89 billion. During the same period last year, the business posted $1.78 EPS. PepsiCo’s revenue was down .2% on a year-over-year basis. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

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 dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.75%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft cut their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. HSBC cut their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Citigroup cut their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Finally, TD Cowen lowered their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, PepsiCo has an average rating of “Hold” and a consensus target price 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.