Arkos Global Advisors Sells 501 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Arkos Global Advisors lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 24.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,521 shares of the company’s stock after selling 501 shares during the period. Arkos Global Advisors’ holdings in PepsiCo were worth $231,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PEP. Howard Capital Management Group LLC raised its stake in PepsiCo by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after buying an additional 90 shares during the last quarter. Morse Asset Management Inc bought a new stake in shares of PepsiCo in the third quarter worth $996,000. Invst LLC increased its position in PepsiCo by 4.6% during the third quarter. Invst LLC now owns 3,003 shares of the company’s stock valued at $511,000 after acquiring an additional 133 shares during the last quarter. Virtu Financial LLC bought a new position in PepsiCo in the third quarter valued at about $1,611,000. Finally, Te Ahumairangi Investment Management Ltd boosted its position in PepsiCo by 3.4% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 16,624 shares of the company’s stock worth $2,811,000 after purchasing an additional 550 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP stock opened at $133.38 on Friday. The company has a market capitalization of $182.91 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. The company’s fifty day moving average price is $147.70 and its 200-day moving average price is $153.92. PepsiCo, Inc. has a one year low of $131.80 and a one year high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.04). The company had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 4.06%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Analysts Set New Price Targets

Several research firms have recently commented on PEP. UBS Group reduced their price target on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research report on Friday. Evercore ISI set a $140.00 price target on shares of PepsiCo in a research report on Thursday. Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and cut their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. BNP Paribas reduced their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Finally, Morgan Stanley lowered their target price on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $162.00.

About PepsiCo

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.