PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Cozad Asset Management Inc.

Cozad Asset Management Inc. cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 17,523 shares of the company’s stock after selling 760 shares during the period. Cozad Asset Management Inc.’s holdings in PepsiCo were worth $2,976,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of PEP. Sunesis Advisors LLC purchased a new stake in PepsiCo during the 3rd quarter worth approximately $1,026,000. Golden State Equity Partners raised its position in shares of PepsiCo by 6.5% during the 3rd quarter. Golden State Equity Partners now owns 8,031 shares of the company’s stock valued at $1,361,000 after acquiring an additional 489 shares in the last quarter. Signet Investment Advisory Group Inc. raised its position in shares of PepsiCo by 5.7% during the 3rd quarter. Signet Investment Advisory Group Inc. now owns 12,384 shares of the company’s stock valued at $2,098,000 after acquiring an additional 670 shares in the last quarter. Bfsg LLC raised its position in shares of PepsiCo by 4.4% during the 3rd quarter. Bfsg LLC now owns 15,431 shares of the company’s stock valued at $2,615,000 after acquiring an additional 655 shares in the last quarter. Finally, One Day In July LLC acquired a new stake in shares of PepsiCo during the 3rd quarter valued at approximately $255,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Down 0.4 %

PepsiCo stock traded down $0.67 during mid-day trading on Tuesday, hitting $175.47. The company’s stock had a trading volume of 1,266,009 shares, compared to its average volume of 5,766,728. The firm’s 50 day moving average is $169.60 and its 200 day moving average is $168.05. The company has a market cap of $241.23 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88.

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

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a $1.265 dividend. This represents a $5.06 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio is currently 76.09%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wedbush reissued an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft increased their target price on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. increased their target price on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a research note on Monday, February 12th. Finally, Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research note on Monday, March 18th. Six investment 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $187.42.

PepsiCo 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.