Roman Butler Fullerton & Co. Decreases Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Roman Butler Fullerton & Co. trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,450 shares of the company’s stock after selling 60 shares during the period. Roman Butler Fullerton & Co.’s holdings in PepsiCo were worth $1,083,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Flossbach Von Storch AG increased its holdings in shares of PepsiCo by 121.4% during the fourth quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock valued at $463,259,000 after acquiring an additional 1,495,586 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of PepsiCo by 12.8% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 19,317 shares of the company’s stock valued at $3,299,000 after acquiring an additional 2,193 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of PepsiCo by 7.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 213,807 shares of the company’s stock valued at $36,313,000 after acquiring an additional 15,148 shares in the last quarter. Oakworth Capital Inc. increased its holdings in shares of PepsiCo by 23.8% during the fourth quarter. Oakworth Capital Inc. now owns 10,421 shares of the company’s stock valued at $1,770,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Telos Capital Management Inc. increased its holdings in shares of PepsiCo by 6.9% during the fourth quarter. Telos Capital Management Inc. now owns 106,396 shares of the company’s stock valued at $18,070,000 after acquiring an additional 6,887 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Up 1.0 %

NASDAQ PEP traded up $1.69 during trading on Thursday, hitting $171.17. The stock had a trading volume of 965,316 shares, compared to its average volume of 5,658,918. The company has a market capitalization of $235.27 billion, a PE ratio of 25.80, a PEG ratio of 2.63 and a beta of 0.53. 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 firm has a 50 day moving average price of $168.58 and a 200 day moving average price of $167.38. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88.

PepsiCo (NASDAQ:PEP) last released its earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.06. The company had revenue of $27.84 billion during the quarter, compared to the consensus estimate of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. PepsiCo’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 EPS. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share 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 2.96%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s payout ratio is presently 77.02%.

Analyst Ratings Changes

A number of brokerages have weighed in on PEP. Royal Bank of Canada restated a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a report on Monday, February 12th. Barclays raised their price objective on PepsiCo from $183.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. Finally, Jefferies Financial Group raised their price objective on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $186.92.

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.