PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,570 shares of the company’s stock after selling 174 shares during the period. Franklin Street Advisors Inc. NC’s holdings in PepsiCo were worth $946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DHJJ Financial Advisors Ltd. acquired a new position in shares of PepsiCo in the third quarter worth about $25,000. Pacifica Partners Inc. purchased a new stake in shares of PepsiCo during the third quarter worth about $27,000. West Tower Group LLC purchased a new stake in shares of PepsiCo during the second quarter worth about $36,000. VitalStone Financial LLC purchased a new stake in shares of PepsiCo during the second quarter worth about $46,000. Finally, Pacific Center for Financial Services purchased a new stake in shares of PepsiCo during the first quarter worth about $47,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of research reports. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $180.00 price objective on shares of PepsiCo in a research note on Monday, February 12th. Wedbush reaffirmed an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research note on Friday, February 9th. Barclays upped their price objective on shares of PepsiCo from $179.00 to $183.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Finally, Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research note on Monday, March 18th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $187.77.

PepsiCo Trading Up 0.8 %

Shares of PepsiCo stock traded up $1.44 during mid-day trading on Thursday, hitting $175.01. The stock had a trading volume of 5,710,410 shares, compared to its average volume of 5,942,093. The firm has a 50-day moving average of $168.10 and a two-hundred day moving average of $167.99. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88. The firm has a market cap of $240.55 billion, a P/E ratio of 26.64, a price-to-earnings-growth ratio of 2.70 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Friday, February 9th. The company reported $1.78 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $28.40 billion. During the same period in the prior year, the business posted $1.67 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. Sell-side analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 1st will be issued a dividend of $1.265 per share. The ex-dividend date is Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.89%. PepsiCo’s dividend payout ratio (DPR) is presently 77.02%.

PepsiCo 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.