Tacita Capital Inc Decreases Stake in PepsiCo, Inc. (NASDAQ:PEP)

Tacita Capital Inc reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,350 shares of the company’s stock after selling 128 shares during the period. Tacita Capital Inc’s holdings in PepsiCo were worth $357,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Swedbank AB grew its position in shares of PepsiCo by 211.4% in the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after buying an additional 1,592,343 shares during the last quarter. Howard Capital Management Group LLC grew its position in shares of PepsiCo by 2.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after buying an additional 90 shares during the last quarter. Clear Creek Financial Management LLC grew its position in shares of PepsiCo by 4.5% in the 3rd quarter. Clear Creek Financial Management LLC now owns 3,700 shares of the company’s stock worth $629,000 after buying an additional 161 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of PepsiCo by 0.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 19,119 shares of the company’s stock worth $3,251,000 after buying an additional 92 shares during the last quarter. Finally, Lansing Street Advisors grew its position in shares of PepsiCo by 6.7% in the 3rd quarter. Lansing Street Advisors now owns 1,635 shares of the company’s stock worth $278,000 after buying an additional 103 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PEP has been the topic of several research reports. Royal Bank of Canada initiated coverage on PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price target on the stock. 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 report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft dropped their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Wells Fargo & Company dropped their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, HSBC dropped their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $171.47.

PepsiCo Stock Up 1.6 %

PEP stock opened at $155.99 on Tuesday. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The business has a fifty day moving average price of $148.68 and a 200-day moving average price of $161.33. 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 stock has a market capitalization of $213.94 billion, a P/E ratio of 22.44, a P/E/G ratio of 3.09 and a beta of 0.54.

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

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

About PepsiCo

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.