Donaldson Capital Management LLC Has $29.30 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Donaldson Capital Management LLC lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 172,493 shares of the company’s stock after selling 6,047 shares during the quarter. Donaldson Capital Management LLC’s holdings in PepsiCo were worth $29,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the company. Proquility Private Wealth Partners LLC increased its holdings in PepsiCo by 1.1% during the fourth quarter. Proquility Private Wealth Partners LLC now owns 5,260 shares of the company’s stock valued at $950,000 after buying an additional 57 shares during the last quarter. Amplius Wealth Advisors LLC boosted its position in shares of PepsiCo by 2.8% in the fourth quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after purchasing an additional 60 shares during the period. Darwin Wealth Management LLC boosted its position in shares of PepsiCo by 2.7% in the third quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock worth $397,000 after purchasing an additional 61 shares during the period. Sugarloaf Wealth Management LLC boosted its position in shares of PepsiCo by 2.6% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after purchasing an additional 61 shares during the period. Finally, Cassia Capital Partners LLC boosted its position in shares of PepsiCo by 1.5% in the third quarter. Cassia Capital Partners LLC now owns 4,143 shares of the company’s stock worth $702,000 after purchasing an additional 63 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. lowered shares of PepsiCo from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $185.00 to $176.00 in a research report on Tuesday, December 19th. Jefferies Financial Group lifted their price objective on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research report on Monday, March 18th. Wedbush reissued an “outperform” rating and set a $195.00 target price on shares of PepsiCo 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 report on Monday, February 12th. Six 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, PepsiCo presently has an average rating of “Moderate Buy” and an average target price of $186.92.

PepsiCo Trading Down 0.7 %

Shares of NASDAQ:PEP traded down $1.15 during trading on Monday, reaching $166.95. 5,128,985 shares of the stock were exchanged, compared to its average volume of 5,764,750. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88. The firm has a market cap of $229.47 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 2.64 and a beta of 0.53. The firm’s 50-day moving average price is $168.78 and its 200 day moving average price is $167.40.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. The company had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. PepsiCo’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $1.67 EPS. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were paid a $1.265 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 3.03%. PepsiCo’s payout ratio is 77.02%.

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.