Houlihan Financial Resource Group Ltd. Has $505,000 Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Houlihan Financial Resource Group Ltd. trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,322 shares of the company’s stock after selling 120 shares during the quarter. Houlihan Financial Resource Group Ltd.’s holdings in PepsiCo were worth $505,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Howard Capital Management Group LLC lifted its position in shares of PepsiCo by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after purchasing an additional 90 shares during the last quarter. Sompo Asset Management Co. Ltd. grew its stake in shares of PepsiCo by 4.3% in the third quarter. Sompo Asset Management Co. Ltd. now owns 3,370 shares of the company’s stock worth $573,000 after acquiring an additional 140 shares during the last quarter. Larson Financial Group LLC increased its position in PepsiCo by 37.1% during the third quarter. Larson Financial Group LLC now owns 14,463 shares of the company’s stock worth $2,459,000 after acquiring an additional 3,910 shares during the period. Cahill Financial Advisors Inc. boosted its holdings in PepsiCo by 14.0% in the 3rd quarter. Cahill Financial Advisors Inc. now owns 1,478 shares of the company’s stock valued at $251,000 after purchasing an additional 181 shares during the period. Finally, Fisher Asset Management LLC grew its position in PepsiCo by 5.7% in the 3rd quarter. Fisher Asset Management LLC now owns 7,854,268 shares of the company’s stock worth $1,335,618,000 after purchasing an additional 422,080 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

NASDAQ PEP opened at $146.45 on Tuesday. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The firm’s 50 day moving average is $149.08 and its 200-day moving average is $158.73. The company has a market capitalization of $200.86 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.78 EPS. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed 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 3.70%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

Wall Street Analyst Weigh In

PEP has been the topic of several research reports. Evercore ISI lowered their price target on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Jefferies Financial Group downgraded PepsiCo from a “buy” rating to a “hold” rating and decreased their price objective for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. HSBC dropped their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Finally, Morgan Stanley reduced their price objective on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus price target of $169.88.

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.