Sargent Investment Group LLC Cuts Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Sargent Investment Group LLC lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,437 shares of the company’s stock after selling 507 shares during the quarter. Sargent Investment Group LLC’s holdings in PepsiCo were worth $1,433,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. LFA Lugano Financial Advisors SA grew its holdings in PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after acquiring an additional 70 shares during the period. Life Planning Partners Inc acquired a new position in PepsiCo during the fourth quarter worth $34,000. Naples Money Management LLC acquired a new position in PepsiCo during the fourth quarter worth $36,000. Criterion Capital Advisors LLC acquired a new stake in PepsiCo in the fourth quarter valued at $39,000. Finally, Avion Wealth grew its holdings in PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after purchasing an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Barclays upped their target price on PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday. Jefferies Financial Group upped their price objective on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a research report on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $187.42.

PepsiCo Stock Down 0.6 %

PEP stock traded down $1.10 during midday trading on Friday, hitting $175.58. 4,472,102 shares of the company’s stock were exchanged, compared to its average volume of 5,365,961. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88. The firm has a 50 day moving average price of $169.40 and a 200-day moving average price of $167.88. The stock has a market capitalization of $241.39 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53.

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

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were issued a $1.265 dividend. The ex-dividend date was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.88%. PepsiCo’s dividend payout ratio (DPR) is 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.