Optimum Investment Advisors Has $433,000 Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Optimum Investment Advisors lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 28.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,847 shares of the company’s stock after selling 1,140 shares during the period. Optimum Investment Advisors’ holdings in PepsiCo were worth $433,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PEP. Collier Financial bought a new position in shares of PepsiCo in the fourth quarter valued at $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo in the 4th quarter valued at about $30,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo in the 3rd quarter valued at about $31,000. Bay Harbor Wealth Management LLC acquired a new stake in PepsiCo in the 4th quarter valued at about $34,000. Finally, Human Investing LLC bought a new position in PepsiCo during the fourth quarter worth about $39,000. 73.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on PEP shares. Barclays cut PepsiCo from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $168.00 to $156.00 in a research report on Tuesday, March 18th. Citigroup decreased their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Royal Bank of Canada began coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 target price for the company. Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and reduced their target price for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Finally, UBS Group lowered their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, PepsiCo has an average rating of “Hold” and a consensus price target of $169.88.

PepsiCo Stock Down 1.2 %

Shares of NASDAQ PEP opened at $145.45 on Friday. The stock has a market capitalization of $199.48 billion, a P/E ratio of 20.93, a PEG ratio of 3.09 and a beta of 0.52. The stock’s fifty day moving average is $149.04 and its 200 day moving average is $159.09. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

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. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.73%. PepsiCo’s payout ratio is 77.99%.

PepsiCo Company 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.