Evermay Wealth Management LLC Has $1.56 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Evermay Wealth Management LLC lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,200 shares of the company’s stock after selling 993 shares during the quarter. Evermay Wealth Management LLC’s holdings in PepsiCo were worth $1,563,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PEP. Highline Wealth Partners LLC acquired a new stake in shares of PepsiCo during the third quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new stake in PepsiCo during the 3rd quarter worth approximately $31,000. Mattson Financial Services LLC acquired a new position in shares of PepsiCo during the second quarter worth $34,000. Rakuten Securities Inc. increased its holdings in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares during the period. Finally, ORG Wealth Partners LLC bought a new position in PepsiCo during the 3rd quarter worth $44,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

NASDAQ PEP opened at $150.69 on Friday. The company’s 50 day simple moving average is $153.12 and its two-hundred day simple moving average is $164.88. The stock has a market capitalization of $206.75 billion, a PE ratio of 22.23, a P/E/G ratio of 2.91 and a beta of 0.54. 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, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.60%. PepsiCo’s dividend payout ratio is currently 79.94%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PEP. Royal Bank of Canada restated a “sector perform” rating and set a $172.00 price objective on shares of PepsiCo in a research report on Wednesday. Piper Sandler began coverage on PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report on Thursday, October 10th. Wells Fargo & Company reduced their target price 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. Finally, StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $176.73.

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.