PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Decreased by Hyman Charles D

Hyman Charles D decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 193,523 shares of the company’s stock after selling 2,990 shares during the period. PepsiCo comprises about 2.0% of Hyman Charles D’s investment portfolio, making the stock its 15th biggest holding. Hyman Charles D’s holdings in PepsiCo were worth $32,868,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Everpar Advisors LLC acquired a new stake in PepsiCo during the fourth quarter worth about $736,000. Gryphon Financial Partners LLC raised its position in shares of PepsiCo by 81.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 8,105 shares of the company’s stock worth $1,357,000 after purchasing an additional 3,635 shares during the period. Pacific Capital Wealth Advisors Inc. acquired a new position in PepsiCo during the 4th quarter valued at approximately $41,000. Dravo Bay LLC grew its stake in PepsiCo by 2.2% during the 4th quarter. Dravo Bay LLC now owns 2,979 shares of the company’s stock worth $506,000 after buying an additional 64 shares during the last quarter. Finally, Barlow Wealth Partners Inc. acquired a new stake in PepsiCo in the fourth quarter worth $504,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PEP has been the subject of several recent research reports. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and upped their price target for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Wedbush reaffirmed an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a report on Tuesday, April 23rd. Barclays raised their target price on PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research report on Monday, March 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $187.42.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded down $0.61 on Wednesday, reaching $177.41. 3,266,694 shares of the company traded hands, compared to its average volume of 5,666,490. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The stock has a market capitalization of $243.90 billion, a PE ratio of 26.68, a P/E/G ratio of 2.87 and a beta of 0.52. The company’s 50 day moving average is $170.49 and its 200-day moving average is $168.70. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88.

PepsiCo (NASDAQ:PEP) last released 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 analyst estimates of $18.08 billion. During the same quarter last year, the company posted $1.50 EPS. PepsiCo’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company 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 represents a $5.42 annualized dividend and a yield of 3.06%. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 7th. PepsiCo’s payout ratio is presently 76.09%.

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.