Little House Capital LLC Sells 1,912 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Little House Capital LLC trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 15.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,349 shares of the company’s stock after selling 1,912 shares during the period. Little House Capital LLC’s holdings in PepsiCo were worth $1,758,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PEP. Cerity Partners LLC lifted its stake in shares of PepsiCo by 59.4% in the fourth quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock worth $168,747,000 after buying an additional 370,122 shares during the last quarter. Harbour Capital Advisors LLC lifted its stake in shares of PepsiCo by 0.4% in the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock worth $4,747,000 after buying an additional 102 shares during the last quarter. Meadow Creek Wealth Advisors LLC acquired a new stake in shares of PepsiCo in the fourth quarter worth $405,000. Manchester Capital Management LLC lifted its stake in shares of PepsiCo by 1.4% in the third quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock worth $2,243,000 after buying an additional 185 shares during the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC lifted its stake in shares of PepsiCo by 34.5% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock worth $2,091,000 after buying an additional 3,159 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

NASDAQ:PEP traded down $1.10 during mid-day trading on Friday, reaching $175.58. 4,472,102 shares of the company were exchanged, compared to its average volume of 5,365,961. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88. The company has a fifty day moving average of $169.40 and a 200 day moving average of $167.88. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The stock has a market cap of $241.39 billion, a PE ratio of 26.40, a PEG 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 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. The company’s revenue was up 2.3% on a year-over-year basis. On average, research analysts anticipate that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Dividend Announcement

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. The ex-dividend date was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.88%. PepsiCo’s payout ratio is presently 76.09%.

Analyst Ratings Changes

PEP has been the subject of several research analyst reports. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Barclays upped their target price on shares of PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft upped their target price on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research note on Monday, March 18th. Finally, Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $187.42.

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.