Sargent Investment Group LLC Sells 507 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Sargent Investment Group LLC cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,437 shares of the company’s stock after selling 507 shares during the period. Sargent Investment Group LLC’s holdings in PepsiCo were worth $1,433,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PEP. Stonebrook Private Inc. purchased a new stake in shares of PepsiCo during the fourth quarter valued at about $343,000. Principle Wealth Partners LLC lifted its position in shares of PepsiCo by 2.8% during the fourth quarter. Principle Wealth Partners LLC now owns 29,920 shares of the company’s stock valued at $5,082,000 after buying an additional 826 shares during the last quarter. Transcend Capital Advisors LLC lifted its position in shares of PepsiCo by 2.9% during the fourth quarter. Transcend Capital Advisors LLC now owns 27,671 shares of the company’s stock valued at $4,700,000 after buying an additional 780 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. lifted its position in shares of PepsiCo by 0.6% during the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 95,523 shares of the company’s stock valued at $16,224,000 after buying an additional 567 shares during the last quarter. Finally, Unique Wealth Strategies LLC purchased a new stake in shares of PepsiCo during the fourth quarter valued at about $318,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

PepsiCo stock traded down $1.10 during trading on Friday, reaching $175.58. The company had a trading volume of 4,472,102 shares, compared to its average volume of 5,365,961. The firm’s 50-day simple moving average is $169.40 and its 200 day simple moving average is $167.88. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88. The firm has a market capitalization of $241.39 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.50 EPS. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a $1.265 dividend. The ex-dividend date was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.88%. PepsiCo’s payout ratio is currently 76.09%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a research report on Monday, February 12th. Wedbush reiterated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a report on Tuesday, April 23rd. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a report on Monday, March 18th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Finally, Barclays raised their price objective on shares of PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, PepsiCo presently has an average rating of “Moderate Buy” and a consensus price target 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.