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

Revisor Wealth Management LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 48.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,367 shares of the company’s stock after selling 1,297 shares during the period. Revisor Wealth Management LLC’s holdings in PepsiCo were worth $207,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. WealthTrak Capital Management LLC acquired a new stake in PepsiCo in the fourth quarter valued at $28,000. Collier Financial acquired a new stake in PepsiCo in the fourth quarter valued at $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo in the fourth quarter valued at $30,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo in the fourth quarter valued at $30,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in shares of PepsiCo in the fourth quarter valued at $31,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on PEP shares. Wall Street Zen downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. HSBC reduced their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. BNP Paribas reduced their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Royal Bank of Canada restated a “sector perform” rating and issued a $163.00 price objective on shares of PepsiCo in a research report on Tuesday, April 22nd. Finally, Citigroup reduced their price objective on PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average price target of $160.69.

PepsiCo Stock Performance

PepsiCo stock opened at $129.34 on Friday. The stock’s 50-day moving average is $139.53 and its 200-day moving average is $148.42. The company has a market cap of $177.34 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a 12 month low of $127.75 and a 12 month high of $180.91.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). The firm had revenue of $17.92 billion during the quarter, compared to analysts’ expectations of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.61 earnings per share. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.40%. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo’s dividend payout ratio (DPR) is 83.68%.

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.