Norden Group LLC Has $884,000 Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Norden Group LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,206 shares of the company’s stock after selling 114 shares during the period. Norden Group LLC’s holdings in PepsiCo were worth $884,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

PEP has been the topic of a number of recent research reports. Wedbush reaffirmed an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a research report on Tuesday, April 23rd. Barclays boosted their price objective on PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Royal Bank of Canada restated a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a research note on Monday, February 12th. Finally, Morgan Stanley upgraded 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 investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $187.42.

PepsiCo Stock Performance

Shares of PEP stock traded down $0.76 during trading hours on Tuesday, hitting $175.38. 1,744,420 shares of the company were exchanged, compared to its average volume of 5,773,242. The firm has a fifty day simple moving average of $169.60 and a 200 day simple moving average of $168.05. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88. The stock has a market capitalization of $241.11 billion, a price-to-earnings ratio of 26.42, a P/E/G ratio of 2.86 and a beta of 0.53. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. The firm had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.50 EPS. Research analysts predict that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were issued a dividend of $1.265 per share. The ex-dividend date was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.89%. PepsiCo’s dividend payout ratio is presently 76.09%.

About PepsiCo

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.