Advance Capital Management Inc. Reduces Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Advance Capital Management Inc. decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 17.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,138 shares of the company’s stock after selling 444 shares during the period. Advance Capital Management Inc.’s holdings in PepsiCo were worth $325,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its holdings in PepsiCo by 9.2% in the third quarter. Empowered Funds LLC now owns 99,785 shares of the company’s stock valued at $16,968,000 after purchasing an additional 8,406 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of PepsiCo by 11.0% during the third quarter. Janus Henderson Group PLC now owns 350,225 shares of the company’s stock worth $59,549,000 after buying an additional 34,633 shares in the last quarter. IHT Wealth Management LLC increased its stake in shares of PepsiCo by 19.3% in the third quarter. IHT Wealth Management LLC now owns 32,267 shares of the company’s stock worth $5,493,000 after buying an additional 5,220 shares during the last quarter. Meridian Wealth Management LLC acquired a new stake in PepsiCo in the third quarter valued at $9,589,000. Finally, Kestra Investment Management LLC acquired a new position in PepsiCo during the 3rd quarter worth $527,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on PEP. TD Cowen downgraded PepsiCo from a “buy” rating to a “hold” rating and reduced their target price for the stock from $190.00 to $183.00 in a report on Thursday, October 10th. JPMorgan Chase & Co. dropped their price target on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a report on Friday, September 20th. Royal Bank of Canada decreased their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Finally, Barclays decreased their price objective on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $184.31.

PepsiCo Stock Down 2.3 %

NASDAQ PEP traded down $3.38 during trading on Monday, hitting $146.27. 9,448,868 shares of the company traded hands, compared to its average volume of 5,480,249. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $200.68 billion, a P/E ratio of 21.57, a PEG ratio of 2.94 and a beta of 0.54. The business has a fifty day simple moving average of $159.51 and a 200 day simple moving average of $167.26. PepsiCo, Inc. has a 12 month low of $146.10 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.01. The company had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period last year, the business posted $2.25 earnings per share. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 6th 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 3.71%. The ex-dividend date of this dividend is Friday, December 6th. PepsiCo’s dividend payout ratio is presently 79.94%.

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.