White Pine Capital LLC Sells 1,068 Shares of PepsiCo, Inc. (NASDAQ:PEP)

White Pine Capital LLC decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 16,960 shares of the company’s stock after selling 1,068 shares during the quarter. PepsiCo makes up 1.1% of White Pine Capital LLC’s investment portfolio, making the stock its 17th largest position. White Pine Capital LLC’s holdings in PepsiCo were worth $2,881,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in PepsiCo by 9,623.6% during the 4th quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock worth $519,381,000 after purchasing an additional 3,026,611 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in PepsiCo during the 3rd quarter worth about $329,179,000. Flossbach Von Storch AG lifted its holdings in PepsiCo by 121.4% during the 4th quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock worth $463,259,000 after purchasing an additional 1,495,586 shares in the last quarter. California Public Employees Retirement System lifted its holdings in PepsiCo by 17.9% during the 4th quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock worth $1,641,389,000 after purchasing an additional 1,470,064 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of PepsiCo by 68.0% in the 4th quarter. Mackenzie Financial Corp now owns 2,922,643 shares of the company’s stock valued at $496,382,000 after acquiring an additional 1,183,371 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP traded down $1.10 during trading hours on Friday, hitting $175.58. The stock had a trading volume of 4,472,102 shares, compared to its average volume of 5,365,961. The stock has a fifty day moving average price of $169.40 and a 200 day moving average price of $167.86. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The firm has a market capitalization of $241.39 billion, a PE ratio of 26.40, a PEG ratio of 2.88 and a beta of 0.53.

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

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a dividend of $1.265 per share. This represents a $5.06 annualized dividend and a yield of 2.88%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio is presently 76.09%.

Analyst Upgrades and Downgrades

PEP has been the topic of several recent analyst reports. Jefferies Financial Group raised their price target on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Deutsche Bank Aktiengesellschaft boosted their price target on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Wedbush restated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their price target on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, PepsiCo has an average rating of “Moderate Buy” and an average target price of $187.42.

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.