GTS Securities LLC Trims Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

by · The Cerbat Gem

GTS Securities LLC cut its position in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 59.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,449 shares of the company’s stock after selling 32,504 shares during the quarter. GTS Securities LLC’s holdings in PepsiCo were worth $3,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Collier Financial purchased a new position in PepsiCo during the fourth quarter worth about $28,000. WealthTrak Capital Management LLC bought a new stake in shares of PepsiCo during the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo during the fourth quarter worth about $30,000. Prudent Man Investment Management Inc. bought a new position in shares of PepsiCo in the fourth quarter worth approximately $30,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in PepsiCo in the fourth quarter valued at approximately $31,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

PEP stock opened at $130.12 on Friday. The stock has a market capitalization of $178.40 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 3.09 and a beta of 0.47. The firm’s 50-day moving average price is $139.93 and its two-hundred day moving average price is $148.69. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 12-month low of $127.87 and a 12-month high of $181.89.

PepsiCo (NASDAQ:PEP – Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $17.92 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the prior year, the firm earned $1.61 EPS. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.37%. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s payout ratio is 83.68%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PEP. JPMorgan Chase & Co. raised 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $163.00 price target on shares of PepsiCo in a research note on Tuesday, April 22nd. HSBC cut their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. BNP Paribas dropped their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group cut shares of PepsiCo from a “buy” rating to a “hold” rating and reduced their price target for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus price target of $160.69.

Check Out Our Latest Stock Analysis on PEP

About PepsiCo

(Free Report)

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.

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