Regent Peak Wealth Advisors LLC Sells 70 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Regent Peak Wealth Advisors LLC cut its position in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 1.7% in the fourth quarter, HoldingsChannel reports. The firm owned 4,159 shares of the company’s stock after selling 70 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in PepsiCo were worth $706,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PEP. DHJJ Financial Advisors Ltd. purchased a new position in PepsiCo during the 3rd quarter worth $25,000. Pacifica Partners Inc. acquired a new position in shares of PepsiCo in the 3rd quarter valued at about $27,000. LFA Lugano Financial Advisors SA lifted its holdings in shares of PepsiCo by 80.5% in the 4th 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 period. Life Planning Partners Inc acquired a new position in PepsiCo in the 4th quarter worth about $34,000. Finally, West Tower Group LLC acquired a new position in PepsiCo in the 2nd quarter worth about $36,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Down 0.9 %

NASDAQ:PEP opened at $171.44 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The stock’s fifty day moving average is $168.60 and its two-hundred day moving average is $167.80. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88. The stock has a market capitalization of $235.65 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 2.71 and a beta of 0.53.

PepsiCo (NASDAQ:PEPGet Free Report) last announced its quarterly earnings data on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.06. The business had revenue of $27.84 billion for the quarter, compared to analysts’ expectations of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm earned $1.67 earnings per share. Research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were paid a $1.265 dividend. This represents a $5.06 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s payout ratio is currently 77.02%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a report on Monday, February 12th. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research note on Monday, March 18th. Wedbush restated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research report on Friday, February 9th. Barclays upped their price target on PepsiCo from $179.00 to $183.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Finally, Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $187.77.

Get Our Latest Analysis on PepsiCo

About PepsiCo

(Free Report)

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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