Spinnaker Trust Reduces Position in PepsiCo, Inc. (NASDAQ:PEP)

Spinnaker Trust lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,297 shares of the company’s stock after selling 413 shares during the period. Spinnaker Trust’s holdings in PepsiCo were worth $5,315,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. LFA Lugano Financial Advisors SA lifted its position in shares of PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after acquiring an additional 70 shares in the last quarter. Life Planning Partners Inc bought a new stake in shares of PepsiCo during the 4th quarter valued at $34,000. Naples Money Management LLC purchased a new stake in PepsiCo during the 4th quarter worth about $36,000. Criterion Capital Advisors LLC bought a new position in PepsiCo in the 4th quarter worth about $39,000. Finally, Avion Wealth increased its position in shares of PepsiCo by 61.7% during 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 period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Down 0.6 %

Shares of NASDAQ PEP traded down $1.10 during trading hours on Friday, hitting $175.58. The company’s stock had a trading volume of 4,471,941 shares, compared to its average volume of 5,855,305. The business has a 50-day simple moving average of $169.40 and a 200-day simple moving average of $167.86. The stock has a market cap of $241.39 billion, a price-to-earnings ratio of 26.40, a P/E/G ratio of 2.80 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. During the same period last year, the business posted $1.50 earnings per share. PepsiCo’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, analysts anticipate that PepsiCo, Inc. will post 8.16 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 given a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PEP shares. Wedbush restated an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a research report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Jefferies Financial Group lifted their price target on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research report on Monday, March 18th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.