Wagner Wealth Management LLC Lowers Stake in PepsiCo, Inc. (NASDAQ:PEP)

Wagner Wealth Management LLC cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 14.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,229 shares of the company’s stock after selling 562 shares during the period. Wagner Wealth Management LLC’s holdings in PepsiCo were worth $491,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PEP. AMF Tjanstepension AB boosted its stake in PepsiCo by 15.8% during the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock worth $50,016,000 after buying an additional 40,031 shares in the last quarter. Silverlake Wealth Management LLC increased its holdings in shares of PepsiCo by 8.3% in the third quarter. Silverlake Wealth Management LLC now owns 2,547 shares of the company’s stock valued at $433,000 after purchasing an additional 196 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of PepsiCo by 4.1% during the third quarter. Ritholtz Wealth Management now owns 16,438 shares of the company’s stock worth $2,795,000 after purchasing an additional 647 shares during the period. Matrix Asset Advisors Inc. NY lifted its stake in PepsiCo by 3.0% during the third quarter. Matrix Asset Advisors Inc. NY now owns 31,497 shares of the company’s stock worth $5,356,000 after purchasing an additional 931 shares during the last quarter. Finally, Annex Advisory Services LLC boosted its holdings in shares of PepsiCo by 4.6% during the 3rd quarter. Annex Advisory Services LLC now owns 5,508 shares of the company’s stock valued at $937,000 after acquiring an additional 243 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on PEP shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. UBS Group lowered their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. HSBC reduced their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Barclays dropped their target price on PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a report on Thursday. Finally, BNP Paribas cut their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $171.47.

PepsiCo Trading Down 0.5 %

NASDAQ PEP opened at $144.58 on Monday. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The firm has a 50 day simple moving average of $151.42 and a 200-day simple moving average of $164.09. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.70 and a current ratio of 0.82. The firm has a market cap of $198.29 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 2.89 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.78 EPS. Equities research analysts anticipate that PepsiCo, Inc. will post 8.34 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is currently 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.