Douglas Lane & Associates LLC Sells 8,094 Shares of PepsiCo, Inc. (PEP)

Douglas Lane & Associates LLC trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 160,672 shares of the company’s stock after selling 8,094 shares during the period. Douglas Lane & Associates LLC’s holdings in PepsiCo were worth $19,268,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Round Table Services LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $201,000. First National Bank of Mount Dora Trust Investment Services purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $201,000. Cortland Associates Inc. MO purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $206,000. Bouchey Financial Group Ltd purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $214,000. Finally, Oakmont Partners LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $220,000. Institutional investors and hedge funds own 70.79% of the company’s stock.

How to Become a New Pot Stock Millionaire

PepsiCo, Inc. (PEP) opened at $107.94 on Friday. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.37 and a current ratio of 1.51. The firm has a market cap of $155,997.00, a PE ratio of 32.03, a price-to-earnings-growth ratio of 2.60 and a beta of 0.69. PepsiCo, Inc. has a 12 month low of $106.19 and a 12 month high of $122.51.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 13th. The company reported $1.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.01. The company had revenue of $19.53 billion during the quarter, compared to analyst estimates of $19.40 billion. PepsiCo had a net margin of 7.65% and a return on equity of 61.14%. PepsiCo’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 earnings per share. equities analysts forecast that PepsiCo, Inc. will post 5.7 EPS for the current year.

PepsiCo declared that its board has approved a stock buyback plan on Tuesday, February 13th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 2nd will be paid a $0.805 dividend. This represents a $3.22 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Thursday, March 1st. PepsiCo’s payout ratio is 95.55%.

PEP has been the subject of a number of analyst reports. Cowen reissued a “buy” rating and issued a $133.00 price objective on shares of PepsiCo in a report on Tuesday, January 9th. Zacks Investment Research raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a report on Monday, December 4th. Deutsche Bank started coverage on shares of PepsiCo in a research note on Wednesday, December 13th. They set a “buy” rating and a $132.00 target price for the company. TheStreet lowered shares of PepsiCo from a “b-” rating to a “c+” rating in a research note on Thursday, March 1st. Finally, SunTrust Banks started coverage on shares of PepsiCo in a research note on Monday, January 29th. They set a “hold” rating and a $125.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. PepsiCo currently has a consensus rating of “Hold” and an average target price of $123.04.

TRADEMARK VIOLATION WARNING: “Douglas Lane & Associates LLC Sells 8,094 Shares of PepsiCo, Inc. (PEP)” was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.com-unik.info/2018/03/23/douglas-lane-associates-llc-sells-8094-shares-of-pepsico-inc-pep.html.

PepsiCo Profile

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP).

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit