Twin Capital Management Inc. Cuts Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Twin Capital Management Inc. cut its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,632 shares of the company’s stock after selling 273 shares during the period. Twin Capital Management Inc.’s holdings in PepsiCo were worth $4,050,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Collier Financial acquired a new stake in shares of PepsiCo during the 4th quarter valued at about $28,000. WealthTrak Capital Management LLC purchased a new position in PepsiCo during the fourth quarter worth approximately $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo in the fourth quarter valued at approximately $30,000. Prudent Man Investment Management Inc. purchased a new stake in shares of PepsiCo in the fourth quarter valued at approximately $30,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

PepsiCo stock opened at $146.61 on Monday. The stock has a market cap of $201.05 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The firm has a 50 day simple moving average of $149.33 and a 200-day simple moving average of $156.94. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41.

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

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. BNP Paribas cut their price target on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft cut their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. UBS Group reduced their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, Citigroup lowered their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $169.88.

PepsiCo Company 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.