Saxon Interests Inc. Has $236,000 Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Saxon Interests Inc. reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 88.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,392 shares of the company’s stock after selling 11,009 shares during the quarter. Saxon Interests Inc.’s holdings in PepsiCo were worth $236,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Harbour Capital Advisors LLC lifted its holdings in shares of PepsiCo by 0.4% during the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after acquiring an additional 102 shares during the period. Manchester Capital Management LLC lifted its holdings in shares of PepsiCo by 1.4% during the third quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock valued at $2,243,000 after acquiring an additional 185 shares during the period. Marion Wealth Management lifted its holdings in shares of PepsiCo by 31.7% during the fourth quarter. Marion Wealth Management now owns 7,888 shares of the company’s stock valued at $1,340,000 after acquiring an additional 1,900 shares during the period. Metis Global Partners LLC lifted its holdings in shares of PepsiCo by 20.1% during the third quarter. Metis Global Partners LLC now owns 59,879 shares of the company’s stock valued at $10,146,000 after acquiring an additional 10,005 shares during the period. Finally, Widmann Financial Services Inc. lifted its holdings in shares of PepsiCo by 7.1% during the third quarter. Widmann Financial Services Inc. now owns 8,001 shares of the company’s stock valued at $1,356,000 after acquiring an additional 530 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Up 0.8 %

PEP stock traded up $1.44 during midday trading on Thursday, reaching $175.01. The stock had a trading volume of 5,710,410 shares, compared to its average volume of 5,942,093. The business has a fifty day simple moving average of $168.10 and a two-hundred day simple moving average of $167.99. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The firm has a market cap of $240.55 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 2.70 and a beta of 0.53. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.06. The company had revenue of $27.84 billion during the quarter, compared to analyst estimates of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.67 EPS. As a group, research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 1st will be given a dividend of $1.265 per share. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 2.89%. PepsiCo’s payout ratio is currently 77.02%.

Analyst Ratings Changes

A number of research analysts have issued reports on PEP shares. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and raised their target price for the company from $180.00 to $195.00 in a research note on Monday, February 12th. Royal Bank of Canada restated a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a research note on Monday, February 12th. Deutsche Bank Aktiengesellschaft raised their target price on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Finally, JPMorgan Chase & Co. lowered PepsiCo from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $185.00 to $176.00 in a research note on Tuesday, December 19th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $187.77.

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.