Ycg LLC Sells 460 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Ycg LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 105,680 shares of the company’s stock after selling 460 shares during the period. PepsiCo comprises approximately 1.3% of Ycg LLC’s holdings, making the stock its 27th biggest position. Ycg LLC’s holdings in PepsiCo were worth $16,070,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Paulson Wealth Management Inc. increased its holdings in PepsiCo by 2.1% in the 3rd quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company’s stock worth $508,000 after acquiring an additional 60 shares in the last quarter. Tcfg Wealth Management LLC increased its holdings in PepsiCo by 3.5% in the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after acquiring an additional 66 shares in the last quarter. BIP Wealth LLC grew its holdings in PepsiCo by 1.9% during the 3rd quarter. BIP Wealth LLC now owns 3,601 shares of the company’s stock valued at $612,000 after buying an additional 67 shares in the last quarter. Lincoln Capital LLC grew its holdings in PepsiCo by 0.4% during the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock valued at $2,556,000 after buying an additional 70 shares in the last quarter. Finally, Marshall Financial Group LLC grew its holdings in PepsiCo by 2.3% during the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company’s stock valued at $476,000 after buying an additional 70 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 2.5 %

NASDAQ:PEP opened at $152.33 on Wednesday. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a market cap of $208.92 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The stock has a fifty day simple moving average of $148.90 and a 200-day simple moving average of $160.46. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last released its 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. The business had revenue of $27.78 billion during 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 business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the company earned $1.78 earnings per share. Analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

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 issued a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.56%. PepsiCo’s payout ratio is currently 77.99%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PEP. Barclays increased their price objective on shares of PepsiCo from $153.00 to $168.00 and gave the company an “overweight” rating in a report on Thursday, March 6th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Royal Bank of Canada began coverage on shares of PepsiCo in a report on Tuesday, February 4th. They set a $172.00 price objective for the company. Evercore ISI cut their price objective on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Finally, HSBC cut their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $172.35.

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.