Traynor Capital Management Inc. Sells 89 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Traynor Capital Management Inc. lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.0% in the 4th quarter, HoldingsChannel reports. The firm owned 2,895 shares of the company’s stock after selling 89 shares during the quarter. Traynor Capital Management Inc.’s holdings in PepsiCo were worth $492,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PEP. Harbour Capital Advisors LLC grew its position in shares of PepsiCo by 0.4% in the 4th quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock worth $4,747,000 after buying an additional 102 shares during the last quarter. Manchester Capital Management LLC grew its position in shares of PepsiCo by 1.4% in the 3rd quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock worth $2,243,000 after buying an additional 185 shares during the last quarter. Marion Wealth Management grew its position in shares of PepsiCo by 31.7% in the 4th quarter. Marion Wealth Management now owns 7,888 shares of the company’s stock worth $1,340,000 after buying an additional 1,900 shares during the last quarter. Metis Global Partners LLC grew its position in shares of PepsiCo by 20.1% in the 3rd quarter. Metis Global Partners LLC now owns 59,879 shares of the company’s stock worth $10,146,000 after buying an additional 10,005 shares during the last quarter. Finally, Widmann Financial Services Inc. grew its position in shares of PepsiCo by 7.1% in the 3rd quarter. Widmann Financial Services Inc. now owns 8,001 shares of the company’s stock worth $1,356,000 after buying an additional 530 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP traded up $1.44 during trading hours on Friday, hitting $175.01. The stock had a trading volume of 5,710,539 shares, compared to its average volume of 6,548,546. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. The firm has a 50-day moving average price of $168.10 and a 200 day moving average price of $167.99. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88. The firm has a market capitalization of $240.55 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 2.72 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The firm had revenue of $27.84 billion during the quarter, compared to analysts’ expectations of $28.40 billion. During the same period in the previous year, the business posted $1.67 EPS. The business’s revenue was down .6% compared to the same quarter last year. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 1st will be paid a $1.265 dividend. This represents a $5.06 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Thursday, February 29th. PepsiCo’s dividend payout ratio is currently 77.02%.

Analyst Upgrades and Downgrades

PEP has been the topic of several research analyst reports. Citigroup raised shares of 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 research report on Monday, February 12th. JPMorgan Chase & Co. downgraded shares of PepsiCo from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $185.00 to $176.00 in a research report on Tuesday, December 19th. Barclays boosted their target price on shares of PepsiCo from $179.00 to $183.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $187.77.

PepsiCo Company 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.