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

PCG Wealth Advisors LLC cut its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 13.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,848 shares of the company’s stock after selling 424 shares during the quarter. PCG Wealth Advisors LLC’s holdings in PepsiCo were worth $484,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proquility Private Wealth Partners LLC raised its holdings in shares of PepsiCo by 1.1% in the fourth quarter. Proquility Private Wealth Partners LLC now owns 5,260 shares of the company’s stock valued at $950,000 after buying an additional 57 shares during the last quarter. Amplius Wealth Advisors LLC raised its holdings in shares of PepsiCo by 2.8% in the fourth quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock valued at $381,000 after buying an additional 60 shares during the last quarter. Darwin Wealth Management LLC raised its holdings in shares of PepsiCo by 2.7% in the third quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after buying an additional 61 shares during the last quarter. Sugarloaf Wealth Management LLC raised its holdings in shares of PepsiCo by 2.6% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock valued at $411,000 after buying an additional 61 shares during the last quarter. Finally, Cassia Capital Partners LLC raised its holdings in shares of PepsiCo by 1.5% in the third quarter. Cassia Capital Partners LLC now owns 4,143 shares of the company’s stock valued at $702,000 after buying an additional 63 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PEP has been the subject of a number of research analyst reports. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research report on Monday, March 18th. Wedbush reiterated an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a research report on Friday, February 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a research report on Monday, February 12th. Finally, Jefferies Financial Group lifted their price objective on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo has an average rating of “Moderate Buy” and a consensus price target of $186.92.

PepsiCo Stock Down 0.2 %

NASDAQ PEP traded down $0.26 during trading on Friday, hitting $168.10. The stock had a trading volume of 5,453,736 shares, compared to its average volume of 5,733,164. The company has a market capitalization of $231.06 billion, a PE ratio of 25.59, a P/E/G ratio of 2.64 and a beta of 0.53. The company’s 50-day moving average price is $168.78 and its two-hundred day moving average price is $167.41. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88.

PepsiCo (NASDAQ:PEP) last released its earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.72 by $0.06. The firm had revenue of $27.84 billion for the quarter, compared to analysts’ expectations of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.67 EPS. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were paid a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio is currently 77.02%.

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.