Twin Capital Management Inc. Cuts Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Twin Capital Management Inc. trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,632 shares of the company’s stock after selling 273 shares during the quarter. Twin Capital Management Inc.’s holdings in PepsiCo were worth $4,050,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of PEP. Collier Financial purchased a new stake in PepsiCo during the 4th quarter worth approximately $28,000. WealthTrak Capital Management LLC acquired a new position in PepsiCo during the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at $30,000. Prudent Man Investment Management Inc. acquired a new position in shares of PepsiCo during the fourth quarter worth $30,000. Finally, Legacy Investment Solutions LLC purchased a new stake in PepsiCo during the 3rd quarter worth about $31,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Jefferies Financial Group lowered shares of PepsiCo from a “buy” rating to a “hold” rating and dropped their price target for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Morgan Stanley reduced their target price on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. HSBC cut 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. Finally, Citigroup lowered their target price on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. One research 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $169.88.

PepsiCo Stock Down 3.1 %

PepsiCo stock opened at $146.61 on Monday. The stock’s 50 day moving average price is $149.33 and its 200 day moving average price is $156.94. The company has a market cap of $201.05 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41.

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 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 business had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. During the same period in the prior year, the company posted $1.78 EPS. The business’s revenue for the quarter was down .2% on a year-over-year basis. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

PepsiCo 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.