Diversify Advisory Services LLC Sells 10,926 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Diversify Advisory Services LLC cut its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 56.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,515 shares of the company’s stock after selling 10,926 shares during the quarter. Diversify Advisory Services LLC’s holdings in PepsiCo were worth $1,215,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Global Wealth Strategies & Associates increased its position in shares of PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after acquiring an additional 59 shares during the last quarter. Highline Wealth Partners LLC purchased a new stake in shares of PepsiCo during the 3rd quarter valued at $28,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo during the 3rd quarter worth $31,000. Mattson Financial Services LLC bought a new position in PepsiCo during the second quarter valued at about $34,000. Finally, Rakuten Securities Inc. increased its holdings in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after buying an additional 96 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Up 1.2 %

Shares of NASDAQ:PEP opened at $148.25 on Tuesday. The firm has a fifty day moving average of $155.37 and a 200 day moving average of $165.86. 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 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The firm has a market capitalization of $203.40 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were given a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.66%. PepsiCo’s payout ratio is 79.94%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PEP shares. Deutsche Bank Aktiengesellschaft upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and raised their price target for the stock from $179.00 to $184.00 in a research note on Thursday, December 12th. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. UBS Group cut their target price 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. Finally, Piper Sandler began coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and an average price target of $178.60.

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.