Xcel Wealth Management LLC Has $535,000 Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Xcel Wealth Management LLC lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 18.8% in the fourth quarter, HoldingsChannel reports. The fund owned 3,516 shares of the company’s stock after selling 816 shares during the period. Xcel Wealth Management LLC’s holdings in PepsiCo were worth $535,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PEP. AMF Tjanstepension AB increased its stake in PepsiCo by 15.8% during the 3rd quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock worth $50,016,000 after purchasing an additional 40,031 shares in the last quarter. Swedbank AB increased its stake in PepsiCo by 211.4% during the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after purchasing an additional 1,592,343 shares in the last quarter. Howard Capital Management Group LLC increased its stake in PepsiCo by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after purchasing an additional 90 shares in the last quarter. Financial Advocates Investment Management increased its stake in PepsiCo by 3.7% during the 3rd quarter. Financial Advocates Investment Management now owns 10,356 shares of the company’s stock worth $1,761,000 after purchasing an additional 371 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its stake in PepsiCo by 1.3% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 123,485 shares of the company’s stock worth $20,999,000 after purchasing an additional 1,575 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. HSBC decreased their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. UBS Group decreased their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company decreased their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Finally, Piper Sandler initiated coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price for the company. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $171.47.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $153.47 on Friday. The firm has a 50 day moving average of $148.59 and a 200-day moving average of $161.60. The stock has a market capitalization of $210.48 billion, a PE ratio of 22.08, a PEG ratio of 3.09 and a beta of 0.54. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.78 EPS. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

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.