PepsiCo, Inc. (PEP) Holdings Cut by Sabal Trust CO

Sabal Trust CO cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 242,570 shares of the company’s stock after selling 9,588 shares during the quarter. PepsiCo comprises 2.7% of Sabal Trust CO’s investment portfolio, making the stock its 10th largest holding. Sabal Trust CO’s holdings in PepsiCo were worth $26,799,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PEP. Highwater Wealth Management LLC acquired a new position in shares of PepsiCo in the fourth quarter valued at $28,000. Horan Securities Inc. raised its stake in shares of PepsiCo by 460.0% in the fourth quarter. Horan Securities Inc. now owns 280 shares of the company’s stock valued at $30,000 after purchasing an additional 230 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of PepsiCo by 50.8% in the fourth quarter. Sound Income Strategies LLC now owns 597 shares of the company’s stock valued at $66,000 after purchasing an additional 201 shares in the last quarter. Ayalon Holdings Ltd. acquired a new position in shares of PepsiCo in the fourth quarter valued at $74,000. Finally, Tributary Capital Management LLC acquired a new position in shares of PepsiCo in the fourth quarter valued at $93,000. Institutional investors own 72.30% of the company’s stock.

In other PepsiCo news, CEO Vivek Sankaran sold 13,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $117.28, for a total value of $1,524,640.00. Following the sale, the chief executive officer now directly owns 90,379 shares in the company, valued at $10,599,649.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

PEP has been the subject of a number of recent research reports. Zacks Investment Research restated a “sell” rating on shares of PepsiCo in a research note on Monday, December 31st. ValuEngine lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Saturday, January 5th. BidaskClub lowered PepsiCo from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 9th. Barclays restated a “hold” rating and issued a $111.00 target price (up from $104.00) on shares of PepsiCo in a research note on Monday, February 18th. Finally, Jefferies Financial Group upped their target price on PepsiCo to $119.00 and gave the company a “hold” rating in a research note on Tuesday, February 19th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $123.00.

Shares of NASDAQ:PEP opened at $127.09 on Friday. PepsiCo, Inc. has a fifty-two week low of $95.94 and a fifty-two week high of $128.26. The firm has a market capitalization of $178.16 billion, a price-to-earnings ratio of 22.45, a P/E/G ratio of 3.12 and a beta of 0.65. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.99.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Wednesday, April 17th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. PepsiCo had a return on equity of 65.12% and a net margin of 19.37%. The firm had revenue of $12.88 billion for the quarter, compared to analysts’ expectations of $12.68 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The business’s revenue was up 2.6% compared to the same quarter last year. As a group, research analysts predict that PepsiCo, Inc. will post 5.51 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were given a $0.9275 dividend. This represents a $3.71 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Thursday, February 28th. PepsiCo’s dividend payout ratio (DPR) is 65.55%.

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About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its 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 Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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