PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by TrinityPoint Wealth LLC

TrinityPoint Wealth LLC lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 16.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,895 shares of the company’s stock after selling 2,604 shares during the period. TrinityPoint Wealth LLC’s holdings in PepsiCo were worth $1,961,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Collier Financial acquired a new position in shares of PepsiCo in the fourth quarter valued at approximately $28,000. WealthTrak Capital Management LLC acquired a new position in shares of PepsiCo in the fourth quarter valued at approximately $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo in the fourth quarter valued at approximately $30,000. Prudent Man Investment Management Inc. acquired a new position in shares of PepsiCo in the fourth quarter valued at approximately $30,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in PepsiCo in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PEP shares. Barclays lowered their target price on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. JPMorgan Chase & Co. boosted their target price on shares of PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a report on Monday, April 21st. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Bank of America decreased their price objective on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Finally, HSBC decreased their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and an average target price of $160.69.

PepsiCo Trading Up 0.4%

PEP opened at $131.98 on Friday. The stock has a market capitalization of $180.96 billion, a PE ratio of 18.99, a P/E/G ratio of 3.09 and a beta of 0.47. The firm’s fifty day moving average price is $141.38 and its 200 day moving average price is $149.54. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a 12-month low of $127.87 and a 12-month high of $182.13.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’s revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.61 earnings per share. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.31%. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo’s dividend payout ratio is 83.68%.

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.