Callan Capital LLC Cuts Position in PepsiCo, Inc. (NASDAQ:PEP)

Callan Capital LLC decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 37.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,054 shares of the company’s stock after selling 2,430 shares during the quarter. Callan Capital LLC’s holdings in PepsiCo were worth $689,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in PEP. Herold Advisors Inc. lifted its position in PepsiCo by 1.5% during the fourth quarter. Herold Advisors Inc. now owns 6,536 shares of the company’s stock valued at $1,110,000 after purchasing an additional 99 shares during the period. Evolution Advisers Inc. raised its position in shares of PepsiCo by 58.5% during the 4th quarter. Evolution Advisers Inc. now owns 542 shares of the company’s stock valued at $94,000 after purchasing an additional 200 shares during the period. Tandem Capital Management Corp ADV raised its position in shares of PepsiCo by 1.0% during the 4th quarter. Tandem Capital Management Corp ADV now owns 13,125 shares of the company’s stock valued at $2,229,000 after purchasing an additional 135 shares during the period. Jackson Hole Capital Partners LLC raised its position in shares of PepsiCo by 157.5% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 37,805 shares of the company’s stock valued at $6,421,000 after purchasing an additional 23,122 shares during the period. Finally, Van Cleef Asset Management Inc raised its position in shares of PepsiCo by 7.1% during the 4th quarter. Van Cleef Asset Management Inc now owns 69,510 shares of the company’s stock valued at $11,806,000 after purchasing an additional 4,627 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.6 %

Shares of NASDAQ PEP traded down $1.10 during trading hours on Friday, reaching $175.58. The stock had a trading volume of 4,471,941 shares, compared to its average volume of 5,855,305. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The firm has a market cap of $241.39 billion, a price-to-earnings ratio of 26.40, a P/E/G ratio of 2.80 and a beta of 0.53. The business’s fifty day moving average price is $169.40 and its two-hundred day moving average price is $167.86. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. The company had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. PepsiCo’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.50 earnings per share. Analysts expect that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were issued a dividend of $1.265 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 2.88%. PepsiCo’s dividend payout ratio is presently 76.09%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a report on Wednesday. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Monday, March 18th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a report on Tuesday. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.42.

PepsiCo Company 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.