PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 230,331 shares of the company’s stock after selling 7,438 shares during the quarter. PepsiCo makes up about 2.0% of Smith Chas P & Associates PA Cpas’ holdings, making the stock its 21st largest position. Smith Chas P & Associates PA Cpas’ holdings in PepsiCo were worth $35,024,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AlphaMark Advisors LLC grew its holdings in PepsiCo by 10.6% during the fourth quarter. AlphaMark Advisors LLC now owns 1,199 shares of the company’s stock worth $182,000 after acquiring an additional 115 shares during the period. Vantage Wealth lifted its position in shares of PepsiCo by 1.7% in the fourth quarter. Vantage Wealth now owns 106,228 shares of the company’s stock valued at $16,153,000 after acquiring an additional 1,800 shares in the last quarter. Compass Wealth Management LLC boosted its stake in shares of PepsiCo by 35.6% during the 4th quarter. Compass Wealth Management LLC now owns 32,274 shares of the company’s stock worth $4,908,000 after purchasing an additional 8,480 shares during the last quarter. CFS Investment Advisory Services LLC increased its stake in PepsiCo by 9.3% in the fourth quarter. CFS Investment Advisory Services LLC now owns 14,691 shares of the company’s stock valued at $2,234,000 after purchasing an additional 1,253 shares during the last quarter. Finally, GSB Wealth Management LLC grew its holdings in PepsiCo by 1.4% in the fourth quarter. GSB Wealth Management LLC now owns 17,595 shares of the company’s stock valued at $2,676,000 after purchasing an additional 240 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on PEP. TD Cowen decreased their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Wells Fargo & Company decreased their price target on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. Finally, UBS Group cut their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and an average price target of $177.00.

PepsiCo Trading Up 0.3 %

Shares of NASDAQ PEP opened at $149.12 on Friday. The firm has a 50 day moving average price of $153.88 and a two-hundred day moving average price of $165.31. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The stock has a market cap of $204.59 billion, a P/E ratio of 21.99, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors 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 annualized dividend and a yield of 3.63%. PepsiCo’s dividend payout ratio (DPR) is currently 79.94%.

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.