Householder Group Estate & Retirement Specialist LLC Sells 7,601 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Householder Group Estate & Retirement Specialist LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 67.9% during the fourth quarter, HoldingsChannel reports. The firm owned 3,594 shares of the company’s stock after selling 7,601 shares during the period. Householder Group Estate & Retirement Specialist LLC’s holdings in PepsiCo were worth $546,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Walker Asset Management LLC grew its stake in PepsiCo by 6.4% during the fourth quarter. Walker Asset Management LLC now owns 2,097 shares of the company’s stock worth $319,000 after purchasing an additional 127 shares during the period. Chemistry Wealth Management LLC boosted its holdings in shares of PepsiCo by 10.7% during the 4th quarter. Chemistry Wealth Management LLC now owns 2,301 shares of the company’s stock worth $350,000 after buying an additional 222 shares in the last quarter. Avanza Fonder AB acquired a new stake in shares of PepsiCo during the 4th quarter worth approximately $22,023,000. Procyon Advisors LLC increased its stake in shares of PepsiCo by 3.4% in the 4th quarter. Procyon Advisors LLC now owns 30,357 shares of the company’s stock valued at $4,616,000 after acquiring an additional 992 shares in the last quarter. Finally, Tompkins Financial Corp lifted its position in shares of PepsiCo by 6.8% during the 4th quarter. Tompkins Financial Corp now owns 66,129 shares of the company’s stock valued at $10,056,000 after acquiring an additional 4,183 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $148.25 on Friday. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a market cap of $203.40 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.57 and a beta of 0.54. The firm has a 50-day moving average of $155.37 and a 200-day moving average of $165.82. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were given a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.66%. PepsiCo’s dividend payout ratio is currently 79.94%.

Wall Street Analysts Forecast Growth

PEP has been the subject of several research analyst reports. Bank of America decreased their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. JPMorgan Chase & Co. decreased their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft upgraded PepsiCo from a “hold” rating to a “buy” rating and increased their price target for the stock from $179.00 to $184.00 in a report on Thursday, December 12th. UBS Group lowered their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Piper Sandler started coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and a consensus target price of $178.60.

PepsiCo 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.