Delaney Dennis R Has $1.32 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Delaney Dennis R lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 39.9% in the fourth quarter, Holdings Channel reports. The fund owned 8,655 shares of the company’s stock after selling 5,744 shares during the quarter. Delaney Dennis R’s holdings in PepsiCo were worth $1,316,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. WealthTrak Capital Management LLC acquired a new position in PepsiCo during the 4th quarter worth about $28,000. Collier Financial acquired a new position in shares of PepsiCo in the fourth quarter worth approximately $28,000. Creative Capital Management Investments LLC bought a new stake in PepsiCo in the fourth quarter valued at approximately $30,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo during the 4th quarter valued at approximately $30,000. Finally, Summit Securities Group LLC acquired a new position in shares of PepsiCo in the 4th quarter worth approximately $33,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Up 1.6 %

PEP stock opened at $146.75 on Tuesday. PepsiCo, Inc. has a 1-year low of $138.33 and a 1-year high of $183.41. The stock has a market cap of $201.24 billion, a P/E ratio of 21.12, a P/E/G ratio of 3.09 and a beta of 0.49. The stock’s fifty day simple moving average is $148.39 and its two-hundred day simple moving average is $155.52. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the previous year, the firm posted $1.78 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. Analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.69%. PepsiCo’s payout ratio is 77.99%.

Analysts Set New Price Targets

A number of brokerages have weighed in on PEP. UBS Group decreased their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, January 16th. TD Cowen dropped their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. HSBC reduced their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Wells Fargo & Company cut their target price on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, Jefferies Financial Group lowered shares of PepsiCo from a “buy” rating to a “hold” rating and dropped their price objective for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus price target of $169.88.

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.