Glen Eagle Advisors LLC Sells 921 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Glen Eagle Advisors LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 11.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,803 shares of the company’s stock after selling 921 shares during the quarter. Glen Eagle Advisors LLC’s holdings in PepsiCo were worth $1,034,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. WealthTrak Capital Management LLC purchased a new position in shares of PepsiCo in the fourth quarter valued at about $28,000. Collier Financial purchased a new position in shares of PepsiCo in the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo in the fourth quarter valued at about $30,000. Prudent Man Investment Management Inc. purchased a new position in shares of PepsiCo in the fourth quarter valued at about $30,000. Finally, Measured Risk Portfolios Inc. purchased a new position in shares of PepsiCo in the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the topic of a number of analyst reports. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research report on Thursday, April 24th. JPMorgan Chase & Co. boosted their price objective on shares of PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a research report on Monday, April 21st. UBS Group decreased their price objective on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company reduced their price target on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $160.69.

PepsiCo Trading Up 0.0%

NASDAQ:PEP opened at $131.80 on Wednesday. PepsiCo, Inc. has a one year low of $127.87 and a one year high of $182.13. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The company’s 50-day simple moving average is $140.72 and its 200 day simple moving average is $149.07. The firm has a market capitalization of $180.71 billion, a P/E ratio of 18.96, a PEG ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the previous year, the firm earned $1.61 EPS. The company’s revenue was down 1.8% on a year-over-year basis. As a group, analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.32%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s payout ratio is presently 83.68%.

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.