Northstar Group Inc. Sells 694 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Northstar Group Inc. lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,792 shares of the company’s stock after selling 694 shares during the quarter. Northstar Group Inc.’s holdings in PepsiCo were worth $3,361,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC grew its holdings in PepsiCo by 0.4% during the 4th quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after buying an additional 102 shares in the last quarter. Manchester Capital Management LLC grew its holdings in PepsiCo by 1.4% during the 3rd quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock valued at $2,243,000 after buying an additional 185 shares in the last quarter. Metis Global Partners LLC grew its holdings in PepsiCo by 20.1% during the 3rd quarter. Metis Global Partners LLC now owns 59,879 shares of the company’s stock valued at $10,146,000 after buying an additional 10,005 shares in the last quarter. Widmann Financial Services Inc. grew its holdings in PepsiCo by 7.1% during the 3rd quarter. Widmann Financial Services Inc. now owns 8,001 shares of the company’s stock valued at $1,356,000 after buying an additional 530 shares in the last quarter. Finally, Guinness Atkinson Asset Management Inc grew its holdings in PepsiCo by 7.3% during the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 4,212 shares of the company’s stock valued at $714,000 after buying an additional 288 shares in the last quarter. Institutional investors own 71.40% of the company’s stock.

PepsiCo Trading Down 0.1 %

Shares of NASDAQ:PEP opened at $164.66 on Monday. The business’s 50-day moving average is $167.27 and its 200 day moving average is $168.13. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88. The firm has a market capitalization of $226.31 billion, a P/E ratio of 25.06, a P/E/G ratio of 2.59 and a beta of 0.53. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68.

PepsiCo (NASDAQ:PEPGet Free Report) last posted its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.06. The business had revenue of $27.84 billion for the quarter, compared to the consensus estimate of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.67 EPS. On average, research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

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 paid a $1.265 dividend. The ex-dividend date is Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a dividend yield of 3.07%. PepsiCo’s payout ratio is 77.02%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $180.00 to $195.00 in a report on Monday, February 12th. JPMorgan Chase & Co. cut PepsiCo from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $185.00 to $176.00 in a report on Tuesday, December 19th. Deutsche Bank Aktiengesellschaft lifted their target price on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research report on Monday. Finally, Barclays lifted their target price on PepsiCo from $179.00 to $183.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo currently has an average rating of “Moderate Buy” and a consensus price target of $187.77.

Get Our Latest Stock Analysis on PepsiCo

PepsiCo Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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