PepsiCo (PEP) Position Trimmed by Greatmark Investment Partners Inc.

Greatmark Investment Partners Inc. reduced its position in PepsiCo (NASDAQ:PEP) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,922 shares of the company’s stock after selling 515 shares during the quarter. Greatmark Investment Partners Inc.’s holdings in PepsiCo were worth $1,310,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Tompkins Financial Corp grew its stake in PepsiCo by 1.2% in the 4th quarter. Tompkins Financial Corp now owns 34,634 shares of the company’s stock worth $4,153,000 after acquiring an additional 421 shares in the last quarter. Courier Capital LLC grew its stake in PepsiCo by 0.6% in the 4th quarter. Courier Capital LLC now owns 72,638 shares of the company’s stock worth $8,711,000 after acquiring an additional 430 shares in the last quarter. Bremer Trust National Association grew its stake in PepsiCo by 6.9% in the 4th quarter. Bremer Trust National Association now owns 6,763 shares of the company’s stock worth $811,000 after acquiring an additional 435 shares in the last quarter. Perkins Coie Trust Co grew its stake in PepsiCo by 1.5% in the 4th quarter. Perkins Coie Trust Co now owns 29,180 shares of the company’s stock worth $3,499,000 after acquiring an additional 435 shares in the last quarter. Finally, Garrison Financial Corp grew its stake in PepsiCo by 1.7% in the 4th quarter. Garrison Financial Corp now owns 33,192 shares of the company’s stock worth $3,980,000 after acquiring an additional 565 shares in the last quarter. 70.84% of the stock is currently owned by institutional investors.

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NASDAQ PEP opened at $109.30 on Friday. PepsiCo has a 52-week low of $105.94 and a 52-week high of $122.51. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.37 and a current ratio of 1.51. The company has a market cap of $156,394.44, a PE ratio of 20.90, a price-to-earnings-growth ratio of 2.61 and a beta of 0.66.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 13th. The company reported $1.31 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.01. PepsiCo had a net margin of 7.65% and a return on equity of 61.14%. The company had revenue of $19.53 billion during the quarter, compared to analysts’ expectations of $19.40 billion. During the same quarter in the prior year, the company posted $1.20 earnings per share. PepsiCo’s revenue for the quarter was up .1% compared to the same quarter last year. equities analysts predict that PepsiCo will post 5.7 earnings per share for the current year.

PepsiCo announced that its board has approved a share buyback plan on Tuesday, February 13th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 2nd were given a dividend of $0.805 per share. The ex-dividend date was Thursday, March 1st. This represents a $3.22 dividend on an annualized basis and a yield of 2.95%. PepsiCo’s payout ratio is 61.57%.

A number of brokerages have commented on PEP. BidaskClub downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Stifel Nicolaus reiterated a “hold” rating and set a $120.00 price objective on shares of PepsiCo in a research note on Friday, December 22nd. SunTrust Banks dropped their price objective on shares of PepsiCo from $125.00 to $115.00 and set a “hold” rating on the stock in a research note on Wednesday, February 14th. Jefferies Group reiterated a “hold” rating and set a $113.00 price objective on shares of PepsiCo in a research note on Tuesday, February 13th. Finally, JPMorgan Chase dropped their price objective on shares of PepsiCo from $127.00 to $124.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. PepsiCo presently has an average rating of “Hold” and an average price target of $123.04.

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PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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