PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Sage Rhino Capital LLC

Sage Rhino Capital LLC reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,581 shares of the company’s stock after selling 84 shares during the quarter. Sage Rhino Capital LLC’s holdings in PepsiCo were worth $269,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of PEP. International Assets Investment Management LLC increased its position in shares of PepsiCo by 9,623.6% in the fourth quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock valued at $519,381,000 after buying an additional 3,026,611 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in PepsiCo during the third quarter worth $329,179,000. Flossbach Von Storch AG lifted its holdings in PepsiCo by 121.4% during the fourth quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock valued at $463,259,000 after purchasing an additional 1,495,586 shares in the last quarter. California Public Employees Retirement System grew its position in shares of PepsiCo by 17.9% in the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock valued at $1,641,389,000 after purchasing an additional 1,470,064 shares during the period. Finally, Mackenzie Financial Corp raised its position in shares of PepsiCo by 68.0% during the 4th quarter. Mackenzie Financial Corp now owns 2,922,643 shares of the company’s stock worth $496,382,000 after purchasing an additional 1,183,371 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PEP shares. Jefferies Financial Group boosted their target price on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research note on Monday, March 18th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $187.42.

PepsiCo Stock Down 0.1 %

Shares of NASDAQ:PEP traded down $0.23 on Tuesday, hitting $175.91. 4,465,101 shares of the company’s stock were exchanged, compared to its average volume of 5,806,826. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88. The company has a market capitalization of $241.84 billion, a PE ratio of 26.45, a P/E/G ratio of 2.86 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. The firm’s 50-day moving average is $169.74 and its 200 day moving average is $168.16.

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

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a dividend of $1.355 per share. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a yield of 3.08%. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

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.