Foguth Wealth Management LLC. Sells 785 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Foguth Wealth Management LLC. trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 31.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,709 shares of the company’s stock after selling 785 shares during the period. Foguth Wealth Management LLC.’s holdings in PepsiCo were worth $255,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. AMF Tjanstepension AB increased its holdings in shares of PepsiCo by 15.8% during the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock valued at $50,016,000 after acquiring an additional 40,031 shares in the last quarter. Czech National Bank raised its holdings in PepsiCo by 6.8% in the third quarter. Czech National Bank now owns 279,811 shares of the company’s stock worth $47,582,000 after buying an additional 17,833 shares during the last quarter. Miracle Mile Advisors LLC lifted its stake in shares of PepsiCo by 12.4% in the third quarter. Miracle Mile Advisors LLC now owns 13,829 shares of the company’s stock worth $2,352,000 after buying an additional 1,527 shares in the last quarter. Atwood & Palmer Inc. grew its holdings in shares of PepsiCo by 1.2% during the third quarter. Atwood & Palmer Inc. now owns 13,753 shares of the company’s stock valued at $2,339,000 after buying an additional 160 shares during the last quarter. Finally, Pacifica Partners Inc. raised its holdings in PepsiCo by 4.6% in the 3rd quarter. Pacifica Partners Inc. now owns 20,425 shares of the company’s stock worth $3,473,000 after acquiring an additional 892 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 4.5 %

Shares of PEP opened at $143.49 on Wednesday. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The company has a 50 day simple moving average of $152.49 and a two-hundred day simple moving average of $164.53. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The firm has a market cap of $196.87 billion, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.78 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.78%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio is presently 79.94%.

Wall Street Analyst Weigh In

Several brokerages have commented on PEP. JPMorgan Chase & Co. cut their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. UBS Group reduced their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Barclays decreased their price objective on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Morgan Stanley cut their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, PepsiCo currently has an average rating of “Hold” and a consensus price target of $173.53.

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.