PepsiCo, Inc. (NASDAQ:PEP) Holdings Decreased by Stokes Family Office LLC

Stokes Family Office LLC cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 23.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,177 shares of the company’s stock after selling 9,830 shares during the quarter. Stokes Family Office LLC’s holdings in PepsiCo were worth $5,465,000 at the end of the most recent quarter.

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

PepsiCo Stock Performance

Shares of PEP traded up $0.70 during mid-day trading on Friday, hitting $176.15. The company’s stock had a trading volume of 3,491,857 shares, compared to its average volume of 5,741,471. The stock’s 50-day moving average is $170.01 and its two-hundred day moving average is $168.26. The firm has a market capitalization of $242.17 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 2.86 and a beta of 0.52. 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, Inc. has a one year low of $155.83 and a one year high of $196.88.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $18.08 billion. During the same period in the prior year, the firm earned $1.50 EPS. The business’s revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a $1.355 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 7th. This represents a $5.42 annualized dividend and a yield of 3.08%. PepsiCo’s dividend payout ratio is 76.09%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PEP. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and raised their price objective for the company from $180.00 to $195.00 in a research report on Monday, February 12th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a report on Monday, February 12th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, Wedbush reissued an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a research note on Tuesday, April 23rd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.