FWG Holdings LLC Cuts Stake in PepsiCo, Inc. (NASDAQ:PEP)

FWG Holdings LLC reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 21.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,311 shares of the company’s stock after selling 879 shares during the period. FWG Holdings LLC’s holdings in PepsiCo were worth $498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in PepsiCo during the 4th quarter valued at approximately $589,307,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of PepsiCo by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock valued at $3,834,504,000 after buying an additional 3,856,193 shares during the period. State Street Corp boosted its stake in shares of PepsiCo by 5.1% in the third quarter. State Street Corp now owns 57,268,030 shares of the company’s stock worth $9,738,429,000 after buying an additional 2,775,679 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of PepsiCo by 21.1% during the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company’s stock worth $2,293,049,000 after purchasing an additional 2,264,445 shares during the period. Finally, Swedbank AB increased its holdings in shares of PepsiCo by 211.4% during the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock valued at $398,847,000 after purchasing an additional 1,592,343 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

PepsiCo stock opened at $154.44 on Monday. The business has a 50 day simple moving average of $148.80 and a 200-day simple moving average of $160.76. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. 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 stock has a market capitalization of $211.81 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52.

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

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.51%. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PEP shares. Royal Bank of Canada started coverage on PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 target price on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Barclays raised their price objective on PepsiCo from $153.00 to $168.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup lowered their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company cut their price objective 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. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average target price of $172.35.

About PepsiCo

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.