Mather Group LLC. Sells 2,210 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Mather Group LLC. lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 12.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,043 shares of the company’s stock after selling 2,210 shares during the period. Mather Group LLC.’s holdings in PepsiCo were worth $2,725,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of PEP. LFA Lugano Financial Advisors SA raised its stake in shares of PepsiCo by 80.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after acquiring an additional 70 shares during the last quarter. Life Planning Partners Inc acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $34,000. Naples Money Management LLC bought a new position in PepsiCo in the 4th quarter worth approximately $36,000. Criterion Capital Advisors LLC bought a new position in PepsiCo in the 4th quarter valued at $39,000. Finally, Avion Wealth increased its stake in shares of PepsiCo by 61.7% in the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after buying an additional 92 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Up 0.3 %

Shares of PepsiCo stock opened at $176.14 on Tuesday. 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 business has a 50-day moving average of $169.60 and a two-hundred day moving average of $168.05. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88. The company has a market capitalization of $242.16 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.09. The company had revenue of $18.25 billion during 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 was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.50 earnings per share. As a group, equities analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio is presently 76.09%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PEP. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a report on Monday, March 18th. 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 research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Finally, Wedbush restated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.