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

NTV Asset Management LLC cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,942 shares of the company’s stock after selling 76 shares during the period. PepsiCo makes up approximately 1.1% of NTV Asset Management LLC’s holdings, making the stock its 21st biggest position. NTV Asset Management LLC’s holdings in PepsiCo were worth $6,614,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Amplius Wealth Advisors LLC raised its holdings in PepsiCo by 2.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after buying an additional 60 shares during the period. Darwin Wealth Management LLC lifted its position in shares of PepsiCo by 2.7% in the 3rd quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after acquiring an additional 61 shares in the last quarter. Sugarloaf Wealth Management LLC grew its position in PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after purchasing an additional 61 shares in the last quarter. Capital Investment Counsel Inc lifted its holdings in shares of PepsiCo by 1.6% in the fourth quarter. Capital Investment Counsel Inc now owns 4,116 shares of the company’s stock valued at $699,000 after purchasing an additional 64 shares in the last quarter. Finally, Beacon Financial Advisory LLC grew its holdings in shares of PepsiCo by 3.1% during the third quarter. Beacon Financial Advisory LLC now owns 2,135 shares of the company’s stock valued at $362,000 after buying an additional 65 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of research reports. Barclays upped their target price on PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. boosted their price target on shares of PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and upped their target price for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a report on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $187.42.

PepsiCo Stock Performance

Shares of PepsiCo stock traded up $0.70 during midday trading on Friday, hitting $176.15. The company had a trading volume of 3,492,120 shares, compared to its average volume of 5,328,097. The stock has a market cap of $242.17 billion, a PE ratio of 26.49, a P/E/G ratio of 2.86 and a beta of 0.52. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88. The business’s 50 day simple moving average is $170.01 and its two-hundred day simple moving average is $168.26. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 EPS 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 business had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. During the same quarter in the prior year, the business earned $1.50 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Friday, June 7th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio is 81.50%.

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.