SJS Investment Consulting Inc. Sells 228 Shares of PepsiCo, Inc. (NASDAQ:PEP)

SJS Investment Consulting Inc. decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,413 shares of the company’s stock after selling 228 shares during the period. PepsiCo accounts for 0.3% of SJS Investment Consulting Inc.’s portfolio, making the stock its 29th largest position. SJS Investment Consulting Inc.’s holdings in PepsiCo were worth $1,735,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Global Wealth Strategies & Associates lifted its stake in shares of PepsiCo by 59.0% in the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares in the last quarter. Highline Wealth Partners LLC bought a new position in PepsiCo in the 3rd quarter valued at approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in PepsiCo during the 3rd quarter valued at $31,000. Mattson Financial Services LLC bought a new stake in shares of PepsiCo in the 2nd quarter worth $34,000. Finally, Rakuten Securities Inc. lifted its holdings in shares of PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on PEP. TD Cowen reduced their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Barclays lowered their price target on PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Royal Bank of Canada cut their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft lowered their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Bank of America reduced their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average price target of $177.00.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $149.12 on Friday. The firm’s 50 day simple moving average is $153.88 and its two-hundred day simple moving average is $165.31. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The company has a market capitalization of $204.59 billion, a P/E ratio of 21.99, a P/E/G ratio of 2.86 and a beta of 0.54. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders 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 dividend on an annualized basis and a yield of 3.63%. PepsiCo’s payout ratio is presently 79.94%.

About PepsiCo

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.