SOA Wealth Advisors LLC. Cuts Stake in PepsiCo, Inc. (NASDAQ:PEP)

SOA Wealth Advisors LLC. trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,616 shares of the company’s stock after selling 286 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in PepsiCo were worth $702,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PEP. AMF Tjanstepension AB lifted its stake in shares of PepsiCo by 15.8% in the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock valued at $50,016,000 after purchasing an additional 40,031 shares during the period. Pinnacle Bancorp Inc. increased its holdings in PepsiCo by 5.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 7,667 shares of the company’s stock valued at $1,304,000 after acquiring an additional 367 shares in the last quarter. Albion Financial Group UT raised its position in PepsiCo by 3.4% during the third quarter. Albion Financial Group UT now owns 38,869 shares of the company’s stock worth $6,610,000 after acquiring an additional 1,295 shares during the last quarter. CCM Investment Advisers LLC grew its position in shares of PepsiCo by 2.3% in the third quarter. CCM Investment Advisers LLC now owns 68,796 shares of the company’s stock valued at $11,699,000 after purchasing an additional 1,544 shares during the last quarter. Finally, Clarius Group LLC increased its stake in shares of PepsiCo by 5.2% during the 3rd quarter. Clarius Group LLC now owns 10,571 shares of the company’s stock worth $1,783,000 after purchasing an additional 525 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of PEP stock opened at $144.58 on Friday. The firm has a fifty day simple moving average of $151.80 and a 200-day simple moving average of $164.26. The company has a market capitalization of $198.29 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same period last year, the firm earned $1.78 earnings per share. The company’s revenue was down .2% on a year-over-year basis. Equities research analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is currently 77.99%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PEP shares. Wells Fargo & Company cut their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday. Citigroup decreased their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Finally, BNP Paribas decreased their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $171.47.

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.