PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Lessened by SL Advisors LLC

SL Advisors LLC trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP) by 8.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,489 shares of the company’s stock after selling 134 shares during the quarter. SL Advisors LLC’s holdings in PepsiCo were worth $226,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Global Wealth Strategies & Associates increased its holdings in shares of PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after purchasing an additional 59 shares during the period. Highline Wealth Partners LLC purchased a new stake in PepsiCo in the 3rd quarter worth approximately $28,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo during the third quarter valued at $31,000. Mattson Financial Services LLC purchased a new position in PepsiCo in the second quarter valued at about $34,000. Finally, Rakuten Securities Inc. raised its stake in shares of PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on PEP shares. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report on Thursday, October 10th. Bank of America decreased their price objective on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Royal Bank of Canada reduced their price target on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Morgan Stanley lowered PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a report on Friday, September 20th. Finally, Barclays decreased their target price on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, PepsiCo currently has an average rating of “Hold” and an average target price of $180.64.

PepsiCo Stock Performance

Shares of PEP traded up $0.10 on Wednesday, reaching $145.50. 2,634,794 shares of the stock traded hands, compared to its average volume of 5,937,458. The firm has a market cap of $199.62 billion, a price-to-earnings ratio of 21.46, a P/E/G ratio of 2.94 and a beta of 0.54. PepsiCo, Inc. has a 12 month low of $144.56 and a 12 month high of $183.41. The stock’s 50-day moving average price is $158.60 and its 200-day moving average price is $166.97. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. During the same period last year, the firm earned $2.25 EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Equities analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.73%. PepsiCo’s dividend payout ratio is currently 79.94%.

PepsiCo 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.