Mogy Joel R Investment Counsel Inc. Decreases Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Mogy Joel R Investment Counsel Inc. trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 136,059 shares of the company’s stock after selling 3,525 shares during the period. PepsiCo comprises 1.7% of Mogy Joel R Investment Counsel Inc.’s investment portfolio, making the stock its 20th largest position. Mogy Joel R Investment Counsel Inc.’s holdings in PepsiCo were worth $23,108,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. LFA Lugano Financial Advisors SA increased its stake in PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares during the period. Life Planning Partners Inc purchased a new position in PepsiCo in the 4th quarter worth approximately $34,000. Naples Money Management LLC purchased a new position in PepsiCo in the 4th quarter worth approximately $36,000. Criterion Capital Advisors LLC purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $39,000. Finally, Avion Wealth increased its stake in shares of PepsiCo by 61.7% during the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after buying an additional 92 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PEP shares. Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a research note on Monday, February 12th. Barclays boosted their target price on PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday. Jefferies Financial Group lifted their price target on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research report on Friday, April 5th. JPMorgan Chase & Co. lifted their price target on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $187.42.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded down $1.10 during midday trading on Friday, reaching $175.58. 4,472,102 shares of the company’s stock traded hands, compared to its average volume of 5,365,961. The company has a market cap of $241.39 billion, a price-to-earnings ratio of 26.40, a P/E/G ratio of 2.88 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88. The stock has a 50 day moving average of $169.40 and a 200 day moving average of $167.86.

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

PepsiCo Dividend Announcement

The firm also recently declared 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. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Thursday, February 29th. PepsiCo’s payout ratio is currently 76.09%.

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.