Investment House LLC Sells 159 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Investment House LLC decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 33,190 shares of the company’s stock after selling 159 shares during the period. Investment House LLC’s holdings in PepsiCo were worth $5,637,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA raised its holdings in 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 during the period. Life Planning Partners Inc purchased a new stake in PepsiCo in the 4th quarter worth $34,000. Naples Money Management LLC purchased a new stake in PepsiCo in the 4th quarter worth $36,000. Criterion Capital Advisors LLC purchased a new stake in PepsiCo in the 4th quarter worth $39,000. Finally, Avion Wealth grew its position in shares of PepsiCo by 61.7% during the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after purchasing an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

PEP stock traded up $0.43 on Monday, reaching $176.01. 1,524,875 shares of the company were exchanged, compared to its average volume of 5,801,578. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The stock’s fifty day moving average price is $169.40 and its 200 day moving average price is $167.92. The firm has a market capitalization of $241.98 billion, a PE ratio of 26.46, a PEG ratio of 2.86 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. The company had revenue of $18.25 billion for the quarter, compared to the consensus estimate of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.50 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a dividend of $1.265 per share. The ex-dividend date was Thursday, February 29th. This represents a $5.06 annualized dividend and a yield of 2.87%. PepsiCo’s dividend payout ratio (DPR) is currently 76.09%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on PEP shares. Barclays raised their price objective on PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on shares of PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Jefferies Financial Group boosted their price objective on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, Wedbush reissued an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research note on Tuesday, April 23rd. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $187.42.

PepsiCo 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.