PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by HHM Wealth Advisors LLC

HHM Wealth Advisors LLC lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,976 shares of the company’s stock after selling 167 shares during the period. HHM Wealth Advisors LLC’s holdings in PepsiCo were worth $336,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. LFA Lugano Financial Advisors SA increased its position in PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares during the last quarter. Life Planning Partners Inc acquired a new position in PepsiCo during the fourth quarter worth approximately $34,000. Naples Money Management LLC acquired a new position in PepsiCo during the fourth quarter worth approximately $36,000. Criterion Capital Advisors LLC acquired a new position in PepsiCo during the fourth quarter worth approximately $39,000. Finally, Avion Wealth grew its stake in PepsiCo by 61.7% during the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after buying an additional 92 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.6 %

PEP stock traded down $1.10 during mid-day trading on Friday, hitting $175.58. 4,472,102 shares of the company were exchanged, compared to its average volume of 5,365,961. The company has a market capitalization of $241.39 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The firm has a fifty day simple moving average of $169.40 and a 200 day simple moving average of $167.88.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.09. The company had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the business earned $1.50 EPS. On average, research analysts forecast that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a $1.265 dividend. The ex-dividend date was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.88%. PepsiCo’s payout ratio is currently 76.09%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Barclays increased their price objective on shares of PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday. Jefferies Financial Group increased their price objective on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Wedbush reissued an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a research report on Tuesday, April 23rd. Finally, Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $187.42.

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.