Duncker Streett & Co. Inc. Sells 716 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Duncker Streett & Co. Inc. cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,861 shares of the company’s stock after selling 716 shares during the period. Duncker Streett & Co. Inc.’s holdings in PepsiCo were worth $2,864,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC raised its stake in shares of PepsiCo by 95,514.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock valued at $7,746,023,000 after buying an additional 42,831,405 shares in the last quarter. Morgan Stanley raised its stake in shares of PepsiCo by 21.0% in the 4th quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock valued at $4,827,240,000 after buying an additional 4,629,947 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of PepsiCo by 5.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock valued at $3,121,736,000 after buying an additional 920,032 shares in the last quarter. Northern Trust Corp raised its stake in shares of PepsiCo by 3.7% in the 3rd quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock valued at $2,859,812,000 after buying an additional 595,357 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of PepsiCo in the 4th quarter valued at $2,519,707,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

PepsiCo stock traded up $0.86 during trading hours on Wednesday, reaching $168.36. 697,912 shares of the stock were exchanged, compared to its average volume of 5,678,428. The company has a market cap of $231.41 billion, a P/E ratio of 25.49, a price-to-earnings-growth ratio of 2.62 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, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The stock has a 50 day moving average of $168.62 and a two-hundred day moving average of $167.37.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The firm had revenue of $27.84 billion for the quarter, compared to the consensus estimate of $28.40 billion. During the same period in the prior 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. Equities analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were issued a $1.265 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 3.01%. PepsiCo’s dividend payout ratio (DPR) is presently 77.02%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PEP. Wedbush reiterated an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research report on Friday, February 9th. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and raised their price objective for the company from $180.00 to $195.00 in a research report on Monday, February 12th. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. downgraded shares of PepsiCo from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $185.00 to $176.00 in a research note on Tuesday, December 19th. Finally, Barclays boosted their price target on shares of PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo presently has an average rating of “Moderate Buy” and a consensus target price 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.