PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Noesis Capital Mangement Corp

Noesis Capital Mangement Corp trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,077 shares of the company’s stock after selling 182 shares during the quarter. PepsiCo makes up 3.2% of Noesis Capital Mangement Corp’s holdings, making the stock its 10th biggest holding. Noesis Capital Mangement Corp’s holdings in PepsiCo were worth $13,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in PEP. Pointe Capital Management LLC lifted its holdings in PepsiCo by 60.2% in the fourth quarter. Pointe Capital Management LLC now owns 4,250 shares of the company’s stock valued at $722,000 after buying an additional 1,597 shares during the period. TCG Advisory Services LLC lifted its stake in shares of PepsiCo by 66.0% in the 4th quarter. TCG Advisory Services LLC now owns 17,999 shares of the company’s stock valued at $3,057,000 after purchasing an additional 7,159 shares during the period. AJOVista LLC bought a new stake in shares of PepsiCo during the 4th quarter valued at about $93,000. Baxter Bros Inc. lifted its stake in PepsiCo by 1.6% in the fourth quarter. Baxter Bros Inc. now owns 20,331 shares of the company’s stock valued at $3,453,000 after buying an additional 312 shares during the period. Finally, ARS Wealth Advisors Group LLC boosted its holdings in shares of PepsiCo by 7.1% during the 4th quarter. ARS Wealth Advisors Group LLC now owns 95,454 shares of the company’s stock worth $16,212,000 after buying an additional 6,365 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Up 0.4 %

Shares of PEP traded up $0.70 during trading hours on Friday, hitting $176.15. The company had a trading volume of 3,492,120 shares, compared to its average volume of 5,328,097. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The stock has a market capitalization of $242.17 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 2.86 and a beta of 0.52. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88. The firm has a fifty day moving average price of $170.01 and a 200-day moving average price of $168.26.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.09. The firm had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.50 earnings per share. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a dividend of $1.355 per share. The ex-dividend date is Friday, June 7th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a yield of 3.08%. PepsiCo’s payout ratio is currently 81.50%.

Analysts Set New Price Targets

PEP has been the subject of a number of research reports. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a report on Monday, March 18th. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. JPMorgan Chase & Co. upped their price target on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Jefferies Financial Group increased their price objective on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $187.42.

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.