PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Klingenstein Fields & Co. LP

Klingenstein Fields & Co. LP trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 438,790 shares of the company’s stock after selling 1,125 shares during the period. PepsiCo comprises approximately 2.7% of Klingenstein Fields & Co. LP’s holdings, making the stock its 10th largest holding. Klingenstein Fields & Co. LP’s holdings in PepsiCo were worth $66,722,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of PEP. Highline Wealth Partners LLC bought a new position in shares of PepsiCo in the 3rd quarter worth $28,000. Collier Financial bought a new position in shares of PepsiCo in the 4th quarter worth $28,000. Legacy Investment Solutions LLC bought a new position in PepsiCo during the third quarter worth about $31,000. Rakuten Securities Inc. grew its stake in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after acquiring an additional 96 shares during the period. Finally, Bay Harbor Wealth Management LLC acquired a new position in PepsiCo in the fourth quarter valued at about $34,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Up 0.4 %

Shares of NASDAQ:PEP opened at $144.58 on Friday. The company has a market capitalization of $198.29 billion, a P/E ratio of 20.80, a P/E/G ratio of 2.89 and a beta of 0.54. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.70. The business’s 50 day simple moving average is $150.41 and its 200 day simple moving average is $163.54.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results 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. The business had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.78 earnings per share. On average, research analysts anticipate that PepsiCo, Inc. will post 8.34 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is presently 77.99%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. BNP Paribas decreased their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. UBS Group cut their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Morgan Stanley dropped their target price on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Finally, Citigroup dropped their target price on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus target price of $171.47.

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.