Callan Capital LLC decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 37.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,054 shares of the company’s stock after selling 2,430 shares during the quarter. Callan Capital LLC’s holdings in PepsiCo were worth $689,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in PEP. Herold Advisors Inc. lifted its position in PepsiCo by 1.5% during the fourth quarter. Herold Advisors Inc. now owns 6,536 shares of the company’s stock valued at $1,110,000 after purchasing an additional 99 shares during the period. Evolution Advisers Inc. raised its position in shares of PepsiCo by 58.5% during the 4th quarter. Evolution Advisers Inc. now owns 542 shares of the company’s stock valued at $94,000 after purchasing an additional 200 shares during the period. Tandem Capital Management Corp ADV raised its position in shares of PepsiCo by 1.0% during the 4th quarter. Tandem Capital Management Corp ADV now owns 13,125 shares of the company’s stock valued at $2,229,000 after purchasing an additional 135 shares during the period. Jackson Hole Capital Partners LLC raised its position in shares of PepsiCo by 157.5% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 37,805 shares of the company’s stock valued at $6,421,000 after purchasing an additional 23,122 shares during the period. Finally, Van Cleef Asset Management Inc raised its position in shares of PepsiCo by 7.1% during the 4th quarter. Van Cleef Asset Management Inc now owns 69,510 shares of the company’s stock valued at $11,806,000 after purchasing an additional 4,627 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.
PepsiCo Trading Down 0.6 %
Shares of NASDAQ PEP traded down $1.10 during trading hours on Friday, reaching $175.58. The stock had a trading volume of 4,471,941 shares, compared to its average volume of 5,855,305. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The firm has a market cap of $241.39 billion, a price-to-earnings ratio of 26.40, a P/E/G ratio of 2.80 and a beta of 0.53. The business’s fifty day moving average price is $169.40 and its two-hundred day moving average price is $167.86. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88.
PepsiCo Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were issued a dividend of $1.265 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 2.88%. PepsiCo’s dividend payout ratio is presently 76.09%.
Analysts Set New Price Targets
A number of analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a report on Wednesday. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Monday, March 18th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a report on Tuesday. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.42.
Read Our Latest Analysis on PEP
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.
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