PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Archer Investment Corp

Archer Investment Corp lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,417 shares of the company’s stock after selling 224 shares during the quarter. Archer Investment Corp’s holdings in PepsiCo were worth $1,769,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PEP. DHJJ Financial Advisors Ltd. acquired a new position in shares of PepsiCo during the 3rd quarter worth $25,000. LFA Lugano Financial Advisors SA raised its stake in shares of PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after buying an additional 70 shares during the last quarter. Life Planning Partners Inc acquired a new position in shares of PepsiCo during the 4th quarter worth $34,000. Avion Wealth raised its stake in shares of PepsiCo by 61.7% during the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after buying an additional 92 shares during the last quarter. Finally, Financial Connections Group Inc. acquired a new position in shares of PepsiCo during the 4th quarter worth $44,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $180.00 price objective on shares of PepsiCo in a research report on Monday, February 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. cut PepsiCo from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $185.00 to $176.00 in a research report on Tuesday, December 19th. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Finally, StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo has a consensus rating of “Moderate Buy” and an average target price of $186.92.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded up $1.23 during trading on Wednesday, reaching $168.73. The stock had a trading volume of 2,078,005 shares, compared to its average volume of 5,696,887. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. The stock has a market cap of $231.92 billion, a PE ratio of 25.49, a P/E/G ratio of 2.62 and a beta of 0.53. The firm’s 50 day moving average price is $168.62 and its two-hundred day moving average price is $167.37.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The business had revenue of $27.84 billion during the quarter, compared to the consensus estimate of $28.40 billion. During the same period in the previous year, the business earned $1.67 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. On average, research analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a dividend of $1.265 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 3.00%. PepsiCo’s payout ratio is currently 77.02%.

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.