FLC Capital Advisors Sells 825 Shares of PepsiCo, Inc. (NASDAQ:PEP)

FLC Capital Advisors reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 16.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,291 shares of the company’s stock after selling 825 shares during the quarter. FLC Capital Advisors’ holdings in PepsiCo were worth $729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of PEP. Harbour Capital Advisors LLC grew its holdings in PepsiCo by 0.4% during the 4th quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after purchasing an additional 102 shares during the last quarter. Manchester Capital Management LLC increased its holdings in PepsiCo by 1.4% during the third quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock valued at $2,243,000 after buying an additional 185 shares during the period. Marion Wealth Management raised its stake in shares of PepsiCo by 31.7% during the 4th quarter. Marion Wealth Management now owns 7,888 shares of the company’s stock worth $1,340,000 after acquiring an additional 1,900 shares in the last quarter. Metis Global Partners LLC increased its position in PepsiCo by 20.1% during the 3rd quarter. Metis Global Partners LLC now owns 59,879 shares of the company’s stock valued at $10,146,000 after buying an additional 10,005 shares in the last quarter. Finally, Widmann Financial Services Inc. increased its stake in PepsiCo by 7.1% during the 3rd quarter. Widmann Financial Services Inc. now owns 8,001 shares of the company’s stock valued at $1,356,000 after purchasing an additional 530 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on PEP shares. Barclays raised their target price on PepsiCo from $179.00 to $183.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a report on Monday, February 12th. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Finally, JPMorgan Chase & Co. lowered PepsiCo from an “overweight” rating to a “neutral” rating and cut their target price for the company from $185.00 to $176.00 in a research report on Tuesday, December 19th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, PepsiCo presently has an average rating of “Moderate Buy” and an average price target of $187.77.

PepsiCo Trading Up 0.8 %

NASDAQ:PEP traded up $1.44 on Thursday, reaching $175.01. The stock had a trading volume of 5,623,770 shares, compared to its average volume of 5,941,032. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68. The company has a market cap of $240.55 billion, a price-to-earnings ratio of 26.68, a P/E/G ratio of 2.70 and a beta of 0.53. The firm’s fifty day moving average is $167.96 and its two-hundred day moving average is $167.95. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The firm had revenue of $27.84 billion during the quarter, compared to analyst estimates of $28.40 billion. During the same quarter in the prior year, the business posted $1.67 earnings per share. PepsiCo’s revenue for the quarter was down .6% compared to the same quarter last year. Equities analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 1st will be given a $1.265 dividend. This represents a $5.06 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Thursday, February 29th. PepsiCo’s payout ratio is 77.02%.

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.