Foster & Motley Inc. Sells 331 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Foster & Motley Inc. reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,396 shares of the company’s stock after selling 331 shares during the quarter. Foster & Motley Inc.’s holdings in PepsiCo were worth $1,086,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PEP. International Assets Investment Management LLC increased its stake in PepsiCo by 9,623.6% in the 4th quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock valued at $519,381,000 after buying an additional 3,026,611 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of PepsiCo during the third quarter valued at approximately $329,179,000. Flossbach Von Storch AG lifted its holdings in PepsiCo by 121.4% during the fourth quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock worth $463,259,000 after acquiring an additional 1,495,586 shares during the period. Mackenzie Financial Corp boosted its position in PepsiCo by 68.0% in the fourth quarter. Mackenzie Financial Corp now owns 2,922,643 shares of the company’s stock worth $496,382,000 after purchasing an additional 1,183,371 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake 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 valued at $3,121,736,000 after purchasing an additional 920,032 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PEP shares. Barclays boosted their price target on shares of PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Jefferies Financial Group raised their price target on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research note on Monday, March 18th. Wedbush restated an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a research note on Tuesday. Finally, Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and increased their price target for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $186.92.

PepsiCo Trading Down 3.0 %

Shares of PEP opened at $171.22 on Wednesday. The business’s 50-day moving average price is $168.84 and its 200-day moving average price is $167.63. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The stock has a market cap of $235.34 billion, a PE ratio of 26.06, a P/E/G ratio of 2.77 and a beta of 0.53. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.72 by $0.06. The firm had revenue of $27.84 billion during the quarter, compared to the consensus estimate of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the firm earned $1.67 EPS. On average, equities analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a $1.265 dividend. The ex-dividend date was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 2.96%. PepsiCo’s payout ratio is currently 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.