Phocas Financial Corp. Has $1.16 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Phocas Financial Corp. cut its holdings in PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 9.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,421 shares of the company’s stock after selling 708 shares during the quarter. Phocas Financial Corp.’s holdings in PepsiCo were worth $1,160,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Paragon Wealth Strategies LLC bought a new stake in shares of PepsiCo during the third quarter valued at approximately $27,000. Heritage Wealth Management LLC bought a new stake in shares of PepsiCo during the second quarter valued at approximately $33,000. HBC Financial Services PLLC bought a new stake in shares of PepsiCo during the second quarter valued at approximately $41,000. Moisand Fitzgerald Tamayo LLC increased its holdings in shares of PepsiCo by 157.1% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 270 shares of the company’s stock valued at $44,000 after acquiring an additional 165 shares in the last quarter. Finally, EdgeRock Capital LLC bought a new stake in shares of PepsiCo during the third quarter valued at approximately $50,000. 70.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Ramkumar Krishnan sold 16,827 shares of PepsiCo stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $172.70, for a total value of $2,906,022.90. Following the completion of the sale, the chief executive officer now owns 49,000 shares of the company’s stock, valued at approximately $8,462,300. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Ramkumar Krishnan sold 16,827 shares of PepsiCo stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $172.70, for a total value of $2,906,022.90. Following the completion of the sale, the chief executive officer now owns 49,000 shares of the company’s stock, valued at approximately $8,462,300. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert C. Pohlad sold 75,000 shares of PepsiCo stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $172.47, for a total value of $12,935,250.00. Following the completion of the sale, the director now directly owns 183,929 shares of the company’s stock, valued at approximately $31,722,234.63. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

PepsiCo Trading Down 0.8 %

Shares of PepsiCo stock opened at $175.13 on Friday. PepsiCo, Inc. has a 1 year low of $154.86 and a 1 year high of $186.84. The firm has a market cap of $241.20 billion, a PE ratio of 27.32, a P/E/G ratio of 3.20 and a beta of 0.53. The stock has a fifty day moving average price of $173.66 and a 200-day moving average price of $175.83. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.80 and a quick ratio of 0.61.

PepsiCo (NASDAQ:PEP – Get Rating) last announced its earnings results on Thursday, February 9th. The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.03. PepsiCo had a return on equity of 51.34% and a net margin of 10.31%. The firm had revenue of $28 billion during the quarter, compared to analyst estimates of $26.82 billion. During the same period last year, the firm posted $1.53 EPS. The business’s revenue was up 10.9% compared to the same quarter last year. Equities research analysts anticipate that PepsiCo, Inc. will post 7.23 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 3rd will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.63%. The ex-dividend date is Thursday, March 2nd. PepsiCo’s dividend payout ratio (DPR) is currently 71.76%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Credit Suisse Group boosted their price objective on PepsiCo from $175.00 to $182.00 and gave the company a “neutral” rating in a report on Friday, February 10th. Citigroup initiated coverage on PepsiCo in a research report on Thursday, February 16th. They issued a “neutral” rating and a $180.00 price target for the company. Deutsche Bank Aktiengesellschaft increased their price target on PepsiCo from $181.00 to $186.00 and gave the company a “hold” rating in a research report on Tuesday, December 6th. Argus increased their price target on PepsiCo from $195.00 to $206.00 in a research report on Wednesday, December 7th. Finally, Barclays lowered their price target on PepsiCo from $197.00 to $187.00 and set an “overweight” rating for the company in a research report on Monday, February 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of “Moderate Buy” and an average price target of $184.08.

PepsiCo Profile

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PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. It operates through the following business segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC).