Revolve Wealth Partners LLC Trims Position in PepsiCo, Inc. (NASDAQ:PEP)

Revolve Wealth Partners LLC lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 17.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,694 shares of the company’s stock after selling 347 shares during the period. Revolve Wealth Partners LLC’s holdings in PepsiCo were worth $258,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in PEP. YHB Investment Advisors Inc. boosted its position in PepsiCo by 0.8% during the 4th quarter. YHB Investment Advisors Inc. now owns 81,863 shares of the company’s stock valued at $12,448,000 after acquiring an additional 626 shares in the last quarter. Vantage Investment Partners LLC boosted its position in shares of PepsiCo by 14.8% during the fourth quarter. Vantage Investment Partners LLC now owns 82,222 shares of the company’s stock valued at $12,503,000 after purchasing an additional 10,596 shares in the last quarter. Greenup Street Wealth Management LLC bought a new position in PepsiCo in the fourth quarter worth $1,964,000. BankPlus Wealth Management LLC purchased a new position in PepsiCo during the fourth quarter valued at $317,000. Finally, Northwest Financial Advisors boosted its holdings in shares of PepsiCo by 9.1% during the 4th quarter. Northwest Financial Advisors now owns 1,436 shares of the company’s stock valued at $218,000 after buying an additional 120 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Down 2.8 %

PepsiCo stock opened at $150.25 on Wednesday. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a market cap of $206.14 billion, a P/E ratio of 22.16, a P/E/G ratio of 2.86 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The business has a 50-day simple moving average of $153.81 and a two-hundred day simple moving average of $165.28.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were issued a dividend of $1.355 per share. The ex-dividend date was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.61%. PepsiCo’s dividend payout ratio is currently 79.94%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. TD Cowen dropped their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft dropped their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Royal Bank of Canada reduced their price target on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. Finally, UBS Group cut their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock 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.