White Pine Capital LLC Sells 1,068 Shares of PepsiCo, Inc. (NASDAQ:PEP)

White Pine Capital LLC cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,960 shares of the company’s stock after selling 1,068 shares during the period. PepsiCo accounts for approximately 1.1% of White Pine Capital LLC’s holdings, making the stock its 17th biggest holding. White Pine Capital LLC’s holdings in PepsiCo were worth $2,881,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA lifted its position in PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares during the period. Life Planning Partners Inc acquired a new stake in shares of PepsiCo in the 4th quarter valued at approximately $34,000. Naples Money Management LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at approximately $36,000. Criterion Capital Advisors LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at approximately $39,000. Finally, Avion Wealth raised its position in shares of PepsiCo by 61.7% in the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after acquiring an additional 92 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Down 0.6 %

Shares of PEP traded down $1.10 during mid-day trading on Friday, hitting $175.58. 4,472,102 shares of the company’s stock were exchanged, compared to its average volume of 5,365,961. The company has a market cap of $241.39 billion, a PE ratio of 26.40, a P/E/G ratio of 2.88 and a beta of 0.53. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88. The company has a 50-day simple moving average of $169.40 and a 200 day simple moving average of $167.86. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. During the same period last year, the business earned $1.50 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. On average, research analysts forecast that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a $1.265 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 2.88%. PepsiCo’s dividend payout ratio is presently 76.09%.

Wall Street Analyst Weigh In

PEP has been the topic of a number of analyst reports. Jefferies Financial Group increased their price target on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Wedbush reissued an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research note on Tuesday. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Barclays increased their target price on PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, 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 note on Monday, March 18th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, PepsiCo has a consensus rating of “Moderate Buy” and a consensus target price of $187.42.

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.