A. D. Beadell Investment Counsel Inc. Has $2.42 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

A. D. Beadell Investment Counsel Inc. lowered its position in PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 2.4% during the fourth quarter, Holdings Channel reports. The firm owned 13,377 shares of the company’s stock after selling 335 shares during the period. PepsiCo comprises 2.1% of A. D. Beadell Investment Counsel Inc.’s portfolio, making the stock its 18th largest holding. A. D. Beadell Investment Counsel Inc.’s holdings in PepsiCo were worth $2,416,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. MBA Advisors LLC lifted its position in shares of PepsiCo by 1.0% in the 3rd quarter. MBA Advisors LLC now owns 5,911 shares of the company’s stock worth $965,000 after purchasing an additional 58 shares during the period. Stiles Financial Services Inc lifted its position in shares of PepsiCo by 2.1% during the 3rd quarter. Stiles Financial Services Inc now owns 2,881 shares of the company’s stock valued at $470,000 after acquiring an additional 58 shares during the period. Jacobi Capital Management LLC lifted its position in shares of PepsiCo by 0.3% during the 3rd quarter. Jacobi Capital Management LLC now owns 16,722 shares of the company’s stock valued at $2,730,000 after acquiring an additional 58 shares during the period. Jackson Square Capital LLC lifted its position in shares of PepsiCo by 0.7% during the 3rd quarter. Jackson Square Capital LLC now owns 8,926 shares of the company’s stock valued at $1,457,000 after acquiring an additional 59 shares during the period. Finally, Schubert & Co lifted its position in shares of PepsiCo by 10.0% during the 3rd quarter. Schubert & Co now owns 651 shares of the company’s stock valued at $106,000 after acquiring an additional 59 shares during the period. Institutional investors and hedge funds own 70.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Argus boosted their target price on shares of PepsiCo from $195.00 to $206.00 in a research report on Wednesday, December 7th. Barclays dropped their target price on shares of PepsiCo from $197.00 to $187.00 and set an “overweight” rating on the stock in a research report on Monday, February 13th. Morgan Stanley boosted their target price on shares of PepsiCo from $198.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, February 10th. Citigroup initiated coverage on shares of PepsiCo in a research note on Thursday, February 16th. They set a “neutral” rating and a $180.00 price target for the company. Finally, Wells Fargo & Company boosted their price target on shares of PepsiCo from $187.00 to $190.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 8th. 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $184.08.

Insider Activity at PepsiCo

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

PepsiCo Stock Down 0.8 %

Shares of NASDAQ PEP traded down $1.38 during trading on Friday, hitting $175.13. The stock had a trading volume of 8,854,570 shares, compared to its average volume of 4,930,878. PepsiCo, Inc. has a 12 month low of $154.86 and a 12 month high of $186.84. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.80 and a quick ratio of 0.61. The company has a market capitalization of $241.20 billion, a PE ratio of 27.32, a PEG ratio of 3.15 and a beta of 0.53. The firm has a fifty day moving average of $173.66 and a two-hundred day moving average of $175.78.

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

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 3rd will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, March 2nd. This represents a $4.60 annualized dividend and a yield of 2.63%. PepsiCo’s payout ratio is currently 71.76%.

About PepsiCo

(Get Rating)

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).