Townsend Asset Management Corp NC ADV Sells 467 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Townsend Asset Management Corp NC ADV trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 15.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,476 shares of the company’s stock after selling 467 shares during the quarter. Townsend Asset Management Corp NC ADV’s holdings in PepsiCo were worth $377,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Empowered Funds LLC grew its stake in shares of PepsiCo by 9.2% in the third quarter. Empowered Funds LLC now owns 99,785 shares of the company’s stock worth $16,968,000 after acquiring an additional 8,406 shares during the period. Assenagon Asset Management S.A. grew its position in PepsiCo by 104.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company’s stock worth $259,350,000 after purchasing an additional 870,451 shares during the period. Hudson Valley Investment Advisors Inc. ADV lifted its holdings in shares of PepsiCo by 12.8% during the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company’s stock valued at $6,323,000 after buying an additional 4,712 shares during the period. Janus Henderson Group PLC boosted its stake in shares of PepsiCo by 11.0% in the 3rd quarter. Janus Henderson Group PLC now owns 350,225 shares of the company’s stock worth $59,549,000 after buying an additional 34,633 shares during the last quarter. Finally, IHT Wealth Management LLC grew its holdings in shares of PepsiCo by 19.3% in the third quarter. IHT Wealth Management LLC now owns 32,267 shares of the company’s stock worth $5,493,000 after acquiring an additional 5,220 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

PepsiCo stock opened at $153.88 on Thursday. The firm has a market capitalization of $211.05 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The firm has a 50-day moving average price of $148.73 and a 200-day moving average price of $161.14. 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 (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the previous year, the business earned $1.78 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

Wall Street Analyst Weigh In

Several research firms have recently commented on PEP. Morgan Stanley reduced their price target on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Wells Fargo & Company reduced their target price on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. BNP Paribas cut their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. HSBC decreased their target price on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Finally, Barclays reduced their price target on PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo has an average rating of “Hold” and an average price target of $171.47.

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.