PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Eads & Heald Wealth Management

Eads & Heald Wealth Management decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,628 shares of the company’s stock after selling 165 shares during the quarter. PepsiCo makes up 1.2% of Eads & Heald Wealth Management’s portfolio, making the stock its 25th biggest position. Eads & Heald Wealth Management’s holdings in PepsiCo were worth $2,484,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Moneta Group Investment Advisors LLC raised its position in shares of PepsiCo by 95,514.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock worth $7,746,023,000 after purchasing an additional 42,831,405 shares during the period. Morgan Stanley grew its holdings in PepsiCo by 21.0% in the 4th quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock worth $4,827,240,000 after buying an additional 4,629,947 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in PepsiCo by 5.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock worth $3,121,736,000 after buying an additional 920,032 shares in the last quarter. Northern Trust Corp grew its holdings in PepsiCo by 3.7% in the 3rd quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock worth $2,859,812,000 after buying an additional 595,357 shares in the last quarter. Finally, Norges Bank bought a new position in PepsiCo in the 4th quarter worth approximately $2,519,707,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a report on Monday, February 12th. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Barclays increased their price objective on PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Finally, Wedbush reissued an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research report on Friday, February 9th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.92.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded down $1.15 during trading on Monday, reaching $166.95. The stock had a trading volume of 5,132,620 shares, compared to its average volume of 5,764,750. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88. The business’s 50-day moving average price is $168.78 and its 200 day moving average price is $167.40. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68. The stock has a market capitalization of $229.47 billion, a PE ratio of 25.30, a P/E/G ratio of 2.64 and a beta of 0.53.

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

PepsiCo Announces Dividend

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

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.