PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Gould Asset Management LLC CA

Gould Asset Management LLC CA reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,081 shares of the company’s stock after selling 155 shares during the period. Gould Asset Management LLC CA’s holdings in PepsiCo were worth $1,372,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PEP. International Assets Investment Management LLC raised its holdings in shares of PepsiCo by 9,623.6% during the fourth quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock valued at $519,381,000 after buying an additional 3,026,611 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of PepsiCo during the third quarter valued at approximately $329,179,000. Flossbach Von Storch AG raised its holdings in shares of PepsiCo by 121.4% during the fourth quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock valued at $463,259,000 after buying an additional 1,495,586 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of PepsiCo by 17.9% during the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock valued at $1,641,389,000 after buying an additional 1,470,064 shares during the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of PepsiCo by 68.0% during the fourth quarter. Mackenzie Financial Corp now owns 2,922,643 shares of the company’s stock valued at $496,382,000 after buying an additional 1,183,371 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of NASDAQ PEP traded down $0.73 during trading on Thursday, hitting $176.68. The company had a trading volume of 7,436,495 shares, compared to its average volume of 5,872,530. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The company has a market cap of $242.85 billion, a P/E ratio of 26.57, a PEG ratio of 2.69 and a beta of 0.53. The business’s 50-day moving average is $169.22 and its 200 day moving average is $167.76.

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

PepsiCo Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Barclays lifted their price target on PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday. Jefferies Financial Group boosted their target price on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Deutsche Bank Aktiengesellschaft boosted their target price on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Finally, Wedbush reissued an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a report on Tuesday. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, PepsiCo has an average rating of “Moderate Buy” and a consensus target price of $187.42.

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.