Colonial River Investments LLC Sells 528 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Colonial River Investments LLC lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 11.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,897 shares of the company’s stock after selling 528 shares during the quarter. Colonial River Investments LLC’s holdings in PepsiCo were worth $593,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of PEP. Paulson Wealth Management Inc. lifted its stake in shares of PepsiCo by 2.1% in the 3rd quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company’s stock worth $508,000 after purchasing an additional 60 shares during the period. LCM Capital Management Inc lifted its stake in shares of PepsiCo by 0.8% in the 3rd quarter. LCM Capital Management Inc now owns 7,573 shares of the company’s stock worth $1,288,000 after purchasing an additional 62 shares during the period. Demars Financial Group LLC lifted its stake in shares of PepsiCo by 1.1% in the 3rd quarter. Demars Financial Group LLC now owns 5,721 shares of the company’s stock worth $973,000 after purchasing an additional 62 shares during the period. Tcfg Wealth Management LLC lifted its stake in shares of PepsiCo by 3.5% in the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after purchasing an additional 66 shares during the period. Finally, TCI Wealth Advisors Inc. lifted its stake in shares of PepsiCo by 0.4% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 14,979 shares of the company’s stock worth $2,547,000 after purchasing an additional 67 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 3.0 %

PEP stock opened at $153.50 on Monday. The firm has a fifty day moving average price of $148.66 and a 200 day moving average price of $162.11. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm has a market cap of $210.53 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 3.09 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same period last year, the firm posted $1.78 earnings per share. PepsiCo’s revenue for the quarter was down .2% compared to the same quarter last year. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PEP shares. Citigroup lowered their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. CICC Research reissued a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Wells Fargo & Company reduced their target price on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, TD Cowen reduced their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $171.47.

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.