Jaffetilchin Investment Partners LLC Sells 413 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Jaffetilchin Investment Partners LLC cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 12,325 shares of the company’s stock after selling 413 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in PepsiCo were worth $1,874,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PEP. WealthTrak Capital Management LLC purchased a new position in PepsiCo in the fourth quarter worth about $28,000. Collier Financial purchased a new position in PepsiCo in the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC bought a new position in PepsiCo in the 4th quarter valued at approximately $30,000. Prudent Man Investment Management Inc. purchased a new stake in PepsiCo during the 4th quarter valued at $30,000. Finally, Summit Securities Group LLC purchased a new position in shares of PepsiCo in the fourth quarter worth $33,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 1.0 %

PEP stock opened at $144.14 on Friday. The business’s 50-day moving average price is $148.35 and its 200-day moving average price is $155.95. The stock has a market cap of $197.66 billion, a P/E ratio of 20.74, a PEG ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a twelve month low of $138.33 and a twelve month high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 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 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $27.89 billion. During the same period in the prior year, the company posted $1.78 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.76%. PepsiCo’s payout ratio is 77.99%.

Analyst Ratings Changes

Several research firms recently commented on PEP. HSBC dropped their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. UBS Group reduced their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Evercore ISI lowered their price objective on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Piper Sandler began coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price for the company. Finally, Wells Fargo & Company lowered their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $169.88.

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.