Cumberland Partners Ltd Has $2.13 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Cumberland Partners Ltd cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 61.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,550 shares of the company’s stock after selling 19,925 shares during the period. Cumberland Partners Ltd’s holdings in PepsiCo were worth $2,130,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. LFA Lugano Financial Advisors SA increased its holdings in PepsiCo by 80.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares during the period. Life Planning Partners Inc acquired a new stake in PepsiCo during the 4th quarter worth about $34,000. Naples Money Management LLC acquired a new stake in PepsiCo during the 4th quarter worth about $36,000. Criterion Capital Advisors LLC acquired a new stake in PepsiCo during the 4th quarter worth about $39,000. Finally, Avion Wealth grew its holdings in PepsiCo by 61.7% during the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after acquiring an additional 92 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

PepsiCo stock traded down $5.24 during mid-day trading on Tuesday, reaching $171.22. The company’s stock had a trading volume of 9,134,290 shares, compared to its average volume of 5,799,144. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88. The company has a market capitalization of $235.34 billion, a P/E ratio of 26.06, a PEG ratio of 2.73 and a beta of 0.53. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. The firm’s fifty day moving average price is $168.84 and its two-hundred day moving average price is $167.63.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The business had revenue of $27.84 billion during the quarter, compared to analyst estimates of $28.40 billion. During the same period in the previous year, the business earned $1.67 EPS. PepsiCo’s revenue was down .6% compared to the same quarter last year. Sell-side analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a $1.265 dividend. This represents a $5.06 annualized dividend and a yield of 2.96%. The ex-dividend date was Thursday, February 29th. PepsiCo’s payout ratio is 77.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PEP shares. Wedbush reissued an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research report on Tuesday. Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 price objective on shares of PepsiCo in a research report on Monday, February 12th. Jefferies Financial Group increased their price objective on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research report on Monday, March 18th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $186.92.

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.