Revolve Wealth Partners LLC Sells 89 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Revolve Wealth Partners LLC cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,996 shares of the company’s stock after selling 89 shares during the period. Revolve Wealth Partners LLC’s holdings in PepsiCo were worth $339,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Proquility Private Wealth Partners LLC increased its position in shares of PepsiCo by 1.1% during the fourth quarter. Proquility Private Wealth Partners LLC now owns 5,260 shares of the company’s stock worth $950,000 after acquiring an additional 57 shares during the period. Amplius Wealth Advisors LLC increased its holdings in PepsiCo by 2.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after purchasing an additional 60 shares during the period. Darwin Wealth Management LLC lifted its holdings in shares of PepsiCo by 2.7% in the 3rd quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock worth $397,000 after buying an additional 61 shares during the period. Sugarloaf Wealth Management LLC grew its position in shares of PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after buying an additional 61 shares in the last quarter. Finally, Cassia Capital Partners LLC raised its holdings in shares of PepsiCo by 1.5% in the third quarter. Cassia Capital Partners LLC now owns 4,143 shares of the company’s stock valued at $702,000 after acquiring an additional 63 shares in the last quarter. 71.40% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Down 0.2 %

PEP stock traded down $0.43 during midday trading on Friday, hitting $172.02. The company’s stock had a trading volume of 4,106,443 shares, compared to its average volume of 6,023,385. The firm has a 50-day simple moving average of $167.63 and a 200-day simple moving average of $168.12. The firm has a market capitalization of $236.43 billion, a P/E ratio of 26.18, a PEG ratio of 2.69 and a beta of 0.53. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The company had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. During the same quarter last year, the company earned $1.67 EPS. PepsiCo’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 1st will be given a dividend of $1.265 per share. The ex-dividend date is Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 2.94%. PepsiCo’s dividend payout ratio is presently 77.02%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PEP. Wedbush reiterated an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a report on Friday, February 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a research report on Monday, February 12th. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Barclays raised their price objective on PepsiCo from $179.00 to $183.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Finally, StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $187.77.

PepsiCo Company 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.