Yousif Capital Management LLC Has $35.19 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Yousif Capital Management LLC lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.5% in the fourth quarter, HoldingsChannel reports. The fund owned 207,190 shares of the company’s stock after selling 5,414 shares during the period. Yousif Capital Management LLC’s holdings in PepsiCo were worth $35,189,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. NewSquare Capital LLC boosted its holdings in shares of PepsiCo by 3.0% in the 4th quarter. NewSquare Capital LLC now owns 37,322 shares of the company’s stock valued at $6,249,000 after buying an additional 1,088 shares during the last quarter. Weatherly Asset Management L. P. boosted its holdings in shares of PepsiCo by 15.1% in the 4th quarter. Weatherly Asset Management L. P. now owns 6,393 shares of the company’s stock valued at $1,093,000 after buying an additional 837 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at approximately $1,963,000. Community Bank & Trust Waco Texas boosted its holdings in shares of PepsiCo by 3.1% in the 4th quarter. Community Bank & Trust Waco Texas now owns 43,224 shares of the company’s stock valued at $7,341,000 after buying an additional 1,282 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in PepsiCo by 2.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 15,922 shares of the company’s stock valued at $2,704,000 after acquiring an additional 314 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research note on Monday, March 18th. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and increased their price target 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 price target on shares of PepsiCo in a research note on Monday, February 12th. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo presently has an average rating of “Moderate Buy” and a consensus target price of $186.92.

PepsiCo Stock Performance

PEP stock traded down $5.24 during trading hours on Tuesday, hitting $171.22. 9,134,290 shares of the stock were exchanged, compared to its average volume of 5,799,144. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88. The firm has a market capitalization of $235.34 billion, a P/E ratio of 26.06, a P/E/G ratio of 2.73 and a beta of 0.53. The company has a 50-day simple moving average of $168.84 and a two-hundred day simple moving average of $167.63.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The company had revenue of $27.84 billion for the quarter, compared to analysts’ expectations of $28.40 billion. During the same quarter last year, the business earned $1.67 earnings per share. PepsiCo’s revenue was down .6% on a year-over-year basis. On average, analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s payout ratio is currently 77.02%.

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.