GW Henssler & Associates Ltd. Sells 101,491 Shares of PepsiCo, Inc. $PEP

GW Henssler & Associates Ltd. decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 83.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,519 shares of the company’s stock after selling 101,491 shares during the period. GW Henssler & Associates Ltd.’s holdings in PepsiCo were worth $2,801,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MH & Associates Securities Management Corp ADV acquired a new position in PepsiCo during the 4th quarter worth approximately $29,000. Imprint Wealth LLC acquired a new position in PepsiCo during the 3rd quarter worth approximately $31,000. Strategic Advocates LLC acquired a new position in PepsiCo during the 3rd quarter worth approximately $33,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in PepsiCo during the 4th quarter worth approximately $33,000. Finally, Highline Wealth Partners LLC raised its stake in PepsiCo by 56.3% during the 4th quarter. Highline Wealth Partners LLC now owns 250 shares of the company’s stock worth $36,000 after buying an additional 90 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PepsiCo stock opened at $141.52 on Tuesday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $171.48. The company’s 50 day moving average price is $152.90 and its two-hundred day moving average price is $152.64. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. The stock has a market cap of $193.43 billion, a P/E ratio of 22.22, a P/E/G ratio of 2.61 and a beta of 0.38.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. The company had revenue of $19.44 billion during the quarter, compared to the consensus estimate of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.PepsiCo’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the business posted $1.48 earnings per share. On average, equities analysts predict that PepsiCo, Inc. will post 8.63 earnings per share for the current year.

PepsiCo declared that its board has authorized a stock buyback program on Tuesday, February 3rd that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 4.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given a $1.48 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Friday, June 5th. PepsiCo’s payout ratio is presently 92.94%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PEP shares. Barclays upped their price target on PepsiCo from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Argus raised PepsiCo to a “hold” rating in a research note on Tuesday, February 17th. Citigroup upped their price target on PepsiCo from $170.00 to $182.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research note on Wednesday, April 8th. Finally, Royal Bank Of Canada dropped their price target on PepsiCo from $165.00 to $163.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 9th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $170.11.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.