Yousif Capital Management LLC Decreases Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Yousif Capital Management LLC reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,190 shares of the company’s stock after selling 5,414 shares during the period. Yousif Capital Management LLC’s holdings in PepsiCo were worth $35,189,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in 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 purchasing an additional 70 shares in the last quarter. Life Planning Partners Inc acquired a new stake in PepsiCo in the fourth quarter valued at $34,000. Naples Money Management LLC acquired a new stake in PepsiCo in the fourth quarter valued at $36,000. Criterion Capital Advisors LLC acquired a new stake in PepsiCo in the fourth quarter valued at $39,000. Finally, Avion Wealth raised its holdings in PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after acquiring an additional 92 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Down 3.0 %

Shares of PEP traded down $5.24 during midday trading on Tuesday, hitting $171.22. The stock had a trading volume of 9,134,290 shares, compared to its average volume of 5,799,144. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88. The business has a 50-day simple moving average of $168.84 and a two-hundred day simple moving average of $167.63. The firm has a market cap of $235.34 billion, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 2.73 and a beta of 0.53. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The company had revenue of $27.84 billion during the quarter, compared to analysts’ expectations of $28.40 billion. During the same period last year, the company posted $1.67 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were issued a dividend of $1.265 per share. This represents a $5.06 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio is currently 77.02%.

Analysts Set New Price Targets

A number of brokerages have weighed in on PEP. Jefferies Financial Group increased their target price on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a report on Monday, February 12th. Finally, Wedbush restated an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, PepsiCo currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.92.

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.