Paradigm Financial Advisors LLC Lowers Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Paradigm Financial Advisors LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,837 shares of the company’s stock after selling 267 shares during the quarter. Paradigm Financial Advisors LLC’s holdings in PepsiCo were worth $3,272,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Global Wealth Management Investment Advisory Inc. lifted its position in shares of PepsiCo by 86.9% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 200 shares of the company’s stock valued at $30,000 after acquiring an additional 93 shares during the period. Leverty Financial Group LLC acquired a new stake in shares of PepsiCo during the 4th quarter valued at approximately $38,000. Masso Torrence Wealth Management Inc. acquired a new stake in shares of PepsiCo during the 4th quarter valued at approximately $56,000. Creative Financial Designs Inc. ADV raised its position in shares of PepsiCo by 229.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 323 shares of the company’s stock worth $56,000 after purchasing an additional 225 shares during the last quarter. Finally, Evolution Advisers Inc. acquired a new position in shares of PepsiCo during the 4th quarter worth approximately $59,000. Institutional investors own 72.12% of the company’s stock.

Several brokerages recently issued reports on PEP. Morgan Stanley lifted their price objective on PepsiCo from $172.00 to $188.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 8th. Wells Fargo & Company cut their price objective on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 9th. JPMorgan Chase & Co. lifted their price objective on PepsiCo from $183.00 to $186.00 in a research report on Wednesday, April 27th. Zacks Investment Research upgraded PepsiCo from a “sell” rating to a “hold” rating and set a $180.00 price target for the company in a report on Monday, April 4th. Finally, Barclays cut their price target on PepsiCo from $186.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, February 14th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $176.56.

Shares of PepsiCo stock traded up $3.32 during trading on Friday, reaching $173.72. The company had a trading volume of 4,713,867 shares, compared to its average volume of 5,596,297. The company has a market cap of $240.20 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 3.41 and a beta of 0.58. The firm’s fifty day moving average is $168.17 and its 200-day moving average is $168.12. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.68 and a current ratio of 0.87. PepsiCo, Inc. has a fifty-two week low of $144.08 and a fifty-two week high of $177.62.

PepsiCo (NASDAQ:PEPGet Rating) last issued its earnings results on Tuesday, April 26th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. The business had revenue of $16.20 billion for the quarter, compared to analyst estimates of $15.54 billion. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.21 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 6.64 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Friday, June 3rd will be paid a dividend of $1.15 per share. This is a positive change from PepsiCo’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Thursday, June 2nd. This represents a $4.60 annualized dividend and a yield of 2.65%. PepsiCo’s dividend payout ratio is 58.82%.

About PepsiCo (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

See Also

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEPGet Rating).

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.