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

Northcape Wealth Management LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,615 shares of the company’s stock after selling 163 shares during the quarter. PepsiCo accounts for about 2.1% of Northcape Wealth Management LLC’s holdings, making the stock its 11th largest holding. Northcape Wealth Management LLC’s holdings in PepsiCo were worth $5,879,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PEP. LFA Lugano Financial Advisors SA raised its position in shares of PepsiCo by 80.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after buying an additional 70 shares during the last quarter. Life Planning Partners Inc acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $34,000. Naples Money Management LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $36,000. Criterion Capital Advisors LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $39,000. Finally, Avion Wealth raised its position in shares of PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after buying an additional 92 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and increased their target price for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. Wedbush reaffirmed an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research note on Tuesday, April 23rd. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research note on Monday, March 18th. Finally, Jefferies Financial Group increased their price target on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Moderate Buy” and an average target price of $187.42.

PepsiCo Stock Performance

NASDAQ:PEP traded down $0.23 during midday trading on Tuesday, reaching $175.91. The stock had a trading volume of 4,465,101 shares, compared to its average volume of 5,806,826. The firm has a fifty day simple moving average of $169.60 and a two-hundred day simple moving average of $168.05. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The stock has a market cap of $241.84 billion, a P/E ratio of 26.42, a P/E/G ratio of 2.86 and a beta of 0.53.

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

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.08%. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s payout ratio is 76.09%.

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.