Crossmark Global Holdings Inc. trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 210,782 shares of the company’s stock after selling 17,381 shares during the quarter. PepsiCo accounts for approximately 0.7% of Crossmark Global Holdings Inc.’s holdings, making the stock its 17th biggest holding. Crossmark Global Holdings Inc.’s holdings in PepsiCo were worth $23,287,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Telos Capital Management Inc. raised its position in PepsiCo by 0.3% in the 4th quarter. Telos Capital Management Inc. now owns 34,032 shares of the company’s stock worth $3,760,000 after purchasing an additional 101 shares during the period. Leavell Investment Management Inc. raised its position in PepsiCo by 0.6% in the 4th quarter. Leavell Investment Management Inc. now owns 16,637 shares of the company’s stock worth $1,853,000 after purchasing an additional 106 shares during the period. Hayek Kallen Investment Management raised its position in PepsiCo by 0.4% in the 4th quarter. Hayek Kallen Investment Management now owns 27,585 shares of the company’s stock worth $3,048,000 after purchasing an additional 110 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management raised its position in PepsiCo by 0.4% in the 4th quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 31,175 shares of the company’s stock worth $3,444,000 after purchasing an additional 121 shares during the period. Finally, First United Bank Trust raised its position in PepsiCo by 0.6% in the 4th quarter. First United Bank Trust now owns 20,403 shares of the company’s stock worth $2,254,000 after purchasing an additional 122 shares during the period. Hedge funds and other institutional investors own 72.30% of the company’s stock.
Shares of NASDAQ:PEP opened at $127.09 on Friday. The company has a market cap of $178.47 billion, a PE ratio of 22.45, a P/E/G ratio of 3.10 and a beta of 0.65. PepsiCo, Inc. has a one year low of $95.94 and a one year high of $128.26. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.85 and a current ratio of 0.99.
PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Wednesday, April 17th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.05. PepsiCo had a net margin of 19.35% and a return on equity of 69.83%. The firm had revenue of $12.88 billion for the quarter, compared to the consensus estimate of $12.68 billion. During the same period last year, the firm earned $0.96 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Sell-side analysts anticipate that PepsiCo, Inc. will post 5.5 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were paid a dividend of $0.9275 per share. The ex-dividend date was Thursday, February 28th. This represents a $3.71 dividend on an annualized basis and a dividend yield of 2.92%. PepsiCo’s dividend payout ratio is presently 65.55%.
In other news, CEO Vivek Sankaran sold 13,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $117.28, for a total transaction of $1,524,640.00. Following the transaction, the chief executive officer now directly owns 90,379 shares in the company, valued at $10,599,649.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.28% of the stock is currently owned by company insiders.
A number of analysts recently weighed in on PEP shares. Gabelli reissued a “buy” rating on shares of PepsiCo in a research report on Tuesday, February 19th. BidaskClub lowered shares of PepsiCo from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 9th. Argus reaffirmed a “buy” rating on shares of PepsiCo in a research report on Thursday. Bank of America reaffirmed a “buy” rating and set a $135.00 target price (up from $130.00) on shares of PepsiCo in a research report on Thursday. Finally, ValuEngine lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, January 5th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $123.00.
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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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