Arcadia Investment Management Corp MI Sells 1,276 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Arcadia Investment Management Corp MI trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 7.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,870 shares of the company’s stock after selling 1,276 shares during the period. Arcadia Investment Management Corp MI’s holdings in PepsiCo were worth $2,865,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LFA Lugano Financial Advisors SA lifted its holdings in shares of PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares in the last quarter. Life Planning Partners Inc bought a new position in PepsiCo in the 4th quarter worth about $34,000. Naples Money Management LLC bought a new position in PepsiCo in the 4th quarter worth about $36,000. Criterion Capital Advisors LLC bought a new position in PepsiCo in the 4th quarter worth about $39,000. Finally, Avion Wealth boosted its stake in PepsiCo by 61.7% in the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after purchasing an additional 92 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on PEP shares. JPMorgan Chase & Co. raised their target price on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Jefferies Financial Group lifted their price target on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and lifted their price target for the company from $180.00 to $195.00 in a research report on Monday, February 12th. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Finally, Wedbush reiterated an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $187.42.

View Our Latest Stock Analysis on PepsiCo

PepsiCo Stock Up 1.0 %

PepsiCo stock traded up $1.73 during mid-day trading on Friday, hitting $179.79. The company had a trading volume of 4,201,635 shares, compared to its average volume of 5,616,206. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The stock’s 50 day moving average price is $170.96 and its two-hundred day moving average price is $168.82. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88. The company has a market capitalization of $247.17 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 2.87 and a beta of 0.52.

PepsiCo (NASDAQ:PEPGet Free Report) last announced 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 the consensus estimate of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company’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. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $1.355 per share. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Friday, June 7th. PepsiCo’s dividend payout ratio is presently 81.50%.

PepsiCo Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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