Peloton Wealth Strategists Reduces Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Peloton Wealth Strategists lowered its position in PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,055 shares of the company’s stock after selling 1,600 shares during the quarter. PepsiCo comprises about 1.6% of Peloton Wealth Strategists’ holdings, making the stock its 25th biggest holding. Peloton Wealth Strategists’ holdings in PepsiCo were worth $4,005,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Pacifica Capital Investments LLC acquired a new position in PepsiCo in the fourth quarter valued at about $200,000. Cutter & CO Brokerage Inc. lifted its position in PepsiCo by 1.9% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 21,278 shares of the company’s stock valued at $3,696,000 after buying an additional 390 shares during the last quarter. Confluence Wealth Services Inc. acquired a new position in PepsiCo in the fourth quarter valued at about $4,777,000. Prosperity Consulting Group LLC acquired a new position in PepsiCo in the fourth quarter valued at about $519,000. Finally, Pittenger & Anderson Inc. lifted its position in PepsiCo by 4.7% in the fourth quarter. Pittenger & Anderson Inc. now owns 84,884 shares of the company’s stock valued at $14,745,000 after buying an additional 3,836 shares during the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

PepsiCo stock traded up $3.32 during mid-day trading on Friday, hitting $173.72. The company had a trading volume of 4,713,867 shares, compared to its average volume of 5,371,708. The stock has a market cap of $240.20 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 3.39 and a beta of 0.58. PepsiCo, Inc. has a 1 year low of $144.08 and a 1 year high of $177.62. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.89. The business has a fifty day moving average of $168.17 and a 200 day moving average of $168.12.

PepsiCo (NASDAQ:PEPGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.24 by $0.05. The company had revenue of $16.20 billion for the quarter, compared to analyst estimates of $15.54 billion. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 earnings per share. Equities analysts anticipate that PepsiCo, Inc. will post 6.64 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Friday, June 3rd will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, June 2nd. This is a positive change from PepsiCo’s previous quarterly dividend of $1.08. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.65%. PepsiCo’s dividend payout ratio (DPR) is 58.82%.

PEP has been the topic of several research reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of PepsiCo from $173.00 to $175.00 in a research report on Wednesday, April 27th. Guggenheim increased their price target on shares of PepsiCo from $188.00 to $193.00 in a research report on Wednesday, April 27th. Credit Suisse Group increased their price target on shares of PepsiCo from $163.00 to $168.00 in a research report on Wednesday, April 27th. Citigroup increased their price target on shares of PepsiCo from $194.00 to $198.00 in a research report on Wednesday, April 27th. Finally, Barclays reduced their target price on shares of PepsiCo from $186.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, February 14th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $176.56.

About PepsiCo (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

Recommended Stories

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEPGet Rating).

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.