Fermata Advisors LLC Sells 99 Shares of PepsiCo, Inc. (NASDAQ:PEP)

by · The Cerbat Gem

Fermata Advisors LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 6.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,545 shares of the company’s stock after selling 99 shares during the period. Fermata Advisors LLC’s holdings in PepsiCo were worth $232,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PEP. WealthTrak Capital Management LLC acquired a new position in PepsiCo in the fourth quarter valued at about $28,000. Collier Financial bought a new stake in shares of PepsiCo in the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo in the fourth quarter valued at about $30,000. Prudent Man Investment Management Inc. bought a new stake in shares of PepsiCo in the fourth quarter valued at about $30,000. Finally, Measured Risk Portfolios Inc. bought a new stake in shares of PepsiCo in the fourth quarter valued at about $31,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.5%

Shares of NASDAQ:PEP opened at $131.11 on Friday. The company has a market capitalization of $179.76 billion, a P/E ratio of 18.86, a P/E/G ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 1 year low of $127.75 and a 1 year high of $180.91. 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 business’s 50 day simple moving average is $136.54 and its 200 day simple moving average is $146.43.

PepsiCo (NASDAQ:PEP – Get Free Report) last issued 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). The company had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.61 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a dividend of $1.4225 per share. The ex-dividend date is Friday, June 6th. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.34%. PepsiCo’s dividend payout ratio is presently 83.68%.

Analyst Upgrades and Downgrades

PEP has been the topic of several analyst reports. Evercore ISI set a $140.00 target price on PepsiCo in a report on Thursday, April 24th. UBS Group dropped their target price on PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. upped their target price on PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a report on Monday, April 21st. Citigroup dropped their price objective on PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Finally, Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and dropped their price objective for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $160.69.

View Our Latest Analysis on PepsiCo

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.

See Also

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