Capital Advisors Ltd. LLC Sells 109 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Capital Advisors Ltd. LLC lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,822 shares of the company’s stock after selling 109 shares during the period. Capital Advisors Ltd. LLC’s holdings in PepsiCo were worth $649,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Carret Asset Management LLC raised its holdings in shares of PepsiCo by 0.9% during the 4th quarter. Carret Asset Management LLC now owns 62,556 shares of the company’s stock worth $10,625,000 after buying an additional 555 shares in the last quarter. Wynn Capital LLC acquired a new position in shares of PepsiCo during the 4th quarter worth $607,000. Alaska Permanent Fund Corp raised its holdings in shares of PepsiCo by 1.7% during the 4th quarter. Alaska Permanent Fund Corp now owns 63,050 shares of the company’s stock worth $10,708,000 after buying an additional 1,030 shares in the last quarter. NewSquare Capital LLC raised its holdings in shares of PepsiCo by 3.0% during the 4th quarter. NewSquare Capital LLC now owns 37,322 shares of the company’s stock worth $6,249,000 after buying an additional 1,088 shares in the last quarter. Finally, Weatherly Asset Management L. P. raised its holdings in shares of PepsiCo by 15.1% during the 4th quarter. Weatherly Asset Management L. P. now owns 6,393 shares of the company’s stock worth $1,093,000 after buying an additional 837 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Barclays boosted their price target on PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Wedbush reaffirmed an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a report on Tuesday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a report on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $187.33.

PepsiCo Trading Up 3.6 %

Shares of PepsiCo stock traded up $6.19 on Wednesday, hitting $177.41. 10,011,958 shares of the company’s stock traded hands, compared to its average volume of 5,852,656. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68. The company has a fifty day moving average of $168.84 and a two-hundred day moving average of $167.63. The company has a market capitalization of $243.85 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 2.77 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The company had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. During the same quarter in the prior year, the company earned $1.50 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, sell-side analysts expect 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 was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a dividend of $1.265 per share. The ex-dividend date was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 2.85%. PepsiCo’s payout ratio is 77.02%.

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.