Silvercrest Asset Management Group LLC Cuts Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Silvercrest Asset Management Group LLC lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 289,933 shares of the company’s stock after selling 1,377 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in PepsiCo were worth $44,087,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Collier Financial purchased a new position in shares of PepsiCo during the fourth quarter worth about $28,000. WealthTrak Capital Management LLC purchased a new position in shares of PepsiCo during the fourth quarter worth about $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo during the fourth quarter worth about $30,000. Prudent Man Investment Management Inc. purchased a new position in shares of PepsiCo during the fourth quarter worth about $30,000. Finally, Measured Risk Portfolios Inc. purchased a new position in shares of PepsiCo during the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP stock opened at $131.50 on Friday. The firm has a 50 day moving average of $141.78 and a 200-day moving average of $149.90. PepsiCo, Inc. has a 12-month low of $127.87 and a 12-month high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company has a market cap of $180.30 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 3.09 and a beta of 0.47.

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

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $1.4225 per share. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Friday, June 6th. PepsiCo’s payout ratio is currently 83.68%.

Analyst Ratings Changes

PEP has been the topic of several research reports. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Dbs Bank downgraded shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. HSBC decreased their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Evercore ISI set a $140.00 target price on shares of PepsiCo in a research note on Thursday, April 24th. Finally, StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $160.69.

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.