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

Delta Financial Advisors LLC lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,635 shares of the company’s stock after selling 684 shares during the quarter. PepsiCo comprises about 1.2% of Delta Financial Advisors LLC’s investment portfolio, making the stock its 25th largest position. Delta Financial Advisors LLC’s holdings in PepsiCo were worth $2,825,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PEP. LFA Lugano Financial Advisors SA raised 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 valued at $27,000 after buying an additional 70 shares in the last quarter. Life Planning Partners Inc acquired a new stake in shares of PepsiCo during the 4th quarter worth approximately $34,000. Avion Wealth raised its position in shares of PepsiCo by 61.7% during the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after purchasing an additional 92 shares during the period. Financial Connections Group Inc. acquired a new stake in shares of PepsiCo during the 4th quarter worth approximately $44,000. Finally, Pacific Center for Financial Services acquired a new stake in shares of PepsiCo during the 1st quarter worth approximately $47,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

NASDAQ PEP traded up $1.43 on Thursday, reaching $170.91. 1,644,784 shares of the stock traded hands, compared to its average volume of 5,670,017. The company has a market cap of $234.92 billion, a price-to-earnings ratio of 25.80, a P/E/G ratio of 2.63 and a beta of 0.53. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The firm’s fifty day simple moving average is $168.58 and its 200 day simple moving average is $167.38. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88.

PepsiCo (NASDAQ:PEP) last issued its 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. The business had revenue of $27.84 billion during the quarter, compared to analysts’ expectations of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. PepsiCo’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.67 earnings per share. As a group, research analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a $1.265 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 2.96%. PepsiCo’s dividend payout ratio (DPR) is presently 77.02%.

Analyst Ratings Changes

A number of analysts have recently weighed in on PEP shares. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Wedbush reiterated an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research report on Friday, February 9th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and raised their target price for the company from $180.00 to $195.00 in a research report on Monday, February 12th. Finally, Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research report on Monday, March 18th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $186.92.

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.