PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Litman Gregory Wealth Management LLC

Litman Gregory Wealth Management LLC reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 40.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,050 shares of the company’s stock after selling 1,386 shares during the quarter. Litman Gregory Wealth Management LLC’s holdings in PepsiCo were worth $348,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cerity Partners LLC lifted its holdings in shares of PepsiCo by 59.4% in the fourth quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock valued at $168,747,000 after purchasing an additional 370,122 shares in the last quarter. Harbour Capital Advisors LLC lifted its holdings in shares of PepsiCo by 0.4% in the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after purchasing an additional 102 shares in the last quarter. Meadow Creek Wealth Advisors LLC purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $405,000. Manchester Capital Management LLC lifted its stake in shares of PepsiCo by 1.4% during the third quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock valued at $2,243,000 after buying an additional 185 shares during the period. Finally, Householder Group Estate & Retirement Specialist LLC lifted its stake in shares of PepsiCo by 34.5% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock valued at $2,091,000 after buying an additional 3,159 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 1.1 %

Shares of PEP traded up $1.86 during mid-day trading on Friday, reaching $174.13. The company had a trading volume of 6,636,400 shares, compared to its average volume of 5,735,731. The firm has a fifty day simple moving average of $168.68 and a 200-day simple moving average of $167.45. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. The stock has a market cap of $239.34 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 2.66 and a beta of 0.53.

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

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were paid a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio is presently 77.02%.

Analyst Ratings Changes

PEP has been the topic of several recent analyst reports. Wedbush reissued an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research note on Friday, February 9th. Jefferies Financial Group upped their price objective on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and upped their price objective for the company from $180.00 to $195.00 in a research note on Monday, February 12th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Finally, Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $186.92.

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.