Navellier & Associates Inc. Lowers Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Navellier & Associates Inc. trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,558 shares of the company’s stock after selling 215 shares during the period. Navellier & Associates Inc.’s holdings in PepsiCo were worth $4,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Prentice Wealth Management LLC lifted its position in shares of PepsiCo by 5.9% in the 4th quarter. Prentice Wealth Management LLC now owns 3,994 shares of the company’s stock worth $607,000 after purchasing an additional 224 shares during the period. Deseret Mutual Benefit Administrators lifted its position in shares of PepsiCo by 3.2% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 8,847 shares of the company’s stock worth $1,345,000 after purchasing an additional 275 shares during the period. Matauro LLC purchased a new stake in shares of PepsiCo in the 4th quarter worth approximately $267,000. Kennon Green & Company LLC lifted its position in shares of PepsiCo by 10.5% in the 4th quarter. Kennon Green & Company LLC now owns 12,808 shares of the company’s stock worth $1,948,000 after purchasing an additional 1,216 shares during the period. Finally, Drum Hill Capital LLC purchased a new stake in shares of PepsiCo in the 4th quarter worth approximately $299,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Barclays reduced their price objective on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Finally, TD Cowen reduced their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus target price of $171.47.

PepsiCo Trading Up 3.0 %

Shares of PepsiCo stock opened at $153.50 on Friday. 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, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The firm has a market capitalization of $210.53 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 3.09 and a beta of 0.54. The firm’s 50 day simple moving average is $148.75 and its two-hundred day simple moving average is $162.39.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.78 EPS. Analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

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.