Wealth Effects LLC Lowers Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Wealth Effects LLC trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,094 shares of the company’s stock after selling 222 shares during the quarter. Wealth Effects LLC’s holdings in PepsiCo were worth $470,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Scientech Research LLC acquired a new stake in shares of PepsiCo in the 2nd quarter worth $325,000. Magnolia Capital Advisors LLC purchased a new position in shares of PepsiCo in the second quarter worth $1,421,000. Covington Investment Advisors Inc. grew its holdings in shares of PepsiCo by 1.7% during the second quarter. Covington Investment Advisors Inc. now owns 25,357 shares of the company’s stock valued at $4,182,000 after buying an additional 429 shares during the last quarter. Invst LLC increased its position in shares of PepsiCo by 28.1% in the 2nd quarter. Invst LLC now owns 2,870 shares of the company’s stock valued at $467,000 after acquiring an additional 630 shares during the period. Finally, Quarry LP grew its stake in PepsiCo by 409.7% during the 2nd quarter. Quarry LP now owns 892 shares of the company’s stock valued at $147,000 after purchasing an additional 717 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

PepsiCo stock opened at $154.61 on Tuesday. 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 company has a market capitalization of $212.12 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54. The company’s 50 day simple moving average is $153.88 and its 200-day simple moving average is $165.35. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders 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 dividend yield of 3.51%. PepsiCo’s payout ratio is presently 79.94%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Bank of America dropped their target price on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. TD Cowen lowered their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada lowered their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research note on Friday, October 4th. Finally, JPMorgan Chase & Co. cut their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday. One 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $177.00.

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.