Templeton & Phillips Capital Management LLC Sells 270 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Templeton & Phillips Capital Management LLC cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,285 shares of the company’s stock after selling 270 shares during the quarter. PepsiCo accounts for about 0.4% of Templeton & Phillips Capital Management LLC’s holdings, making the stock its 25th biggest holding. Templeton & Phillips Capital Management LLC’s holdings in PepsiCo were worth $500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of PEP. Collier Financial bought a new stake in PepsiCo during the fourth quarter valued at approximately $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo during the fourth quarter worth approximately $30,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo during the third quarter worth approximately $31,000. Bay Harbor Wealth Management LLC purchased a new position in shares of PepsiCo during the fourth quarter worth approximately $34,000. Finally, Human Investing LLC purchased a new position in shares of PepsiCo during the fourth quarter worth approximately $39,000. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. 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. 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. TD Cowen decreased their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Piper Sandler started coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price on the stock. Finally, StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $169.88.

PepsiCo Stock Performance

Shares of PEP stock opened at $145.45 on Monday. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The stock has a market cap of $199.48 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company’s fifty day moving average price is $149.04 and its 200-day moving average price is $158.96.

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

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

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.