J.Safra Asset Management Corp Reduces Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

J.Safra Asset Management Corp reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 18.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 787 shares of the company’s stock after selling 180 shares during the period. J.Safra Asset Management Corp’s holdings in PepsiCo were worth $134,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. LFA Lugano Financial Advisors SA lifted its stake in PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after buying an additional 70 shares in the last quarter. Life Planning Partners Inc acquired a new position in shares of PepsiCo in the fourth quarter worth $34,000. Naples Money Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at $36,000. Criterion Capital Advisors LLC purchased a new stake in PepsiCo during the 4th quarter worth about $39,000. Finally, Avion Wealth raised its stake in PepsiCo by 61.7% in the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after purchasing an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.4 %

Shares of PEP traded down $0.73 during trading on Thursday, reaching $176.68. The company’s stock had a trading volume of 7,436,495 shares, compared to its average volume of 5,872,530. The company has a market cap of $242.85 billion, a price-to-earnings ratio of 26.57, a P/E/G ratio of 2.69 and a beta of 0.53. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The company has a fifty day moving average of $169.22 and a two-hundred day moving average of $167.76. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.09. The firm had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.50 earnings per share. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were issued a $1.265 dividend. This represents a $5.06 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio is currently 76.09%.

Wall Street Analyst Weigh In

PEP has been the topic of several recent analyst reports. Barclays upped their price objective on shares of PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. raised their price objective on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, Wedbush reaffirmed an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $187.42.

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.