PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Dover Advisors LLC

Dover Advisors LLC lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 22.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,541 shares of the company’s stock after selling 2,799 shares during the period. PepsiCo accounts for approximately 2.1% of Dover Advisors LLC’s portfolio, making the stock its 11th biggest holding. Dover Advisors LLC’s holdings in PepsiCo were worth $1,633,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. LFA Lugano Financial Advisors SA boosted its stake in PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after buying an additional 70 shares during the last quarter. Life Planning Partners Inc acquired a new position in shares of PepsiCo during the 4th quarter valued at about $34,000. Naples Money Management LLC acquired a new stake in PepsiCo during the fourth quarter worth about $36,000. Criterion Capital Advisors LLC purchased a new position in PepsiCo during the fourth quarter worth about $39,000. Finally, Avion Wealth boosted its holdings in PepsiCo by 61.7% in the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PepsiCo stock traded down $1.10 on Friday, hitting $175.58. The company’s stock had a trading volume of 4,472,102 shares, compared to its average volume of 5,365,961. 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 firm has a fifty day moving average price of $169.40 and a 200-day moving average price of $167.92. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88. The company has a market capitalization of $241.39 billion, a P/E ratio of 26.40, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53.

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

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors 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 annualized dividend and a yield of 2.88%. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Barclays increased their price target on PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $180.00 price objective on shares of PepsiCo in a research report on Monday, February 12th. JPMorgan Chase & Co. raised their target price on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Wedbush reiterated an “outperform” rating and issued a $195.00 price target 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $187.42.

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.