PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by JT Stratford LLC

JT Stratford LLC lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,948 shares of the company’s stock after selling 574 shares during the quarter. JT Stratford LLC’s holdings in PepsiCo were worth $904,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of PEP. Ossiam grew its holdings in shares of PepsiCo by 138.9% in the fourth quarter. Ossiam now owns 73,604 shares of the company’s stock valued at $11,192,000 after purchasing an additional 42,793 shares during the period. OMERS ADMINISTRATION Corp boosted its holdings in PepsiCo by 12.1% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company’s stock valued at $18,977,000 after purchasing an additional 13,461 shares during the last quarter. Hutner Capital Management Inc. grew its stake in shares of PepsiCo by 14.6% in the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company’s stock valued at $8,178,000 after buying an additional 6,865 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in shares of PepsiCo during the 4th quarter valued at approximately $47,899,000. Finally, WCM Investment Management LLC lifted its holdings in PepsiCo by 147.6% in the fourth quarter. WCM Investment Management LLC now owns 14,692 shares of the company’s stock valued at $2,229,000 after acquiring an additional 8,759 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a research report on Monday, April 21st. Royal Bank of Canada restated a “sector perform” rating and issued a $163.00 price objective on shares of PepsiCo in a report on Tuesday, April 22nd. Evercore ISI set a $140.00 target price on shares of PepsiCo in a research note on Thursday, April 24th. Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and reduced their price target for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Finally, Citigroup decreased their price objective on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus price target of $160.69.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $130.12 on Friday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The company has a market cap of $178.40 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. The stock’s 50-day moving average is $139.93 and its two-hundred day moving average is $148.69. PepsiCo, Inc. has a 1-year low of $127.87 and a 1-year high of $181.89.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $17.92 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the previous year, the company posted $1.61 earnings per share. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. Analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend is Friday, June 6th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio is 83.68%.

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.