Waldron Private Wealth LLC Lowers Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Waldron Private Wealth LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,813 shares of the company’s stock after selling 417 shares during the quarter. Waldron Private Wealth LLC’s holdings in PepsiCo were worth $2,734,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Highline Wealth Partners LLC acquired a new stake in shares of PepsiCo during the 3rd quarter worth about $28,000. Legacy Investment Solutions LLC purchased a new position in PepsiCo in the third quarter valued at approximately $31,000. Rakuten Securities Inc. lifted its position in shares of PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after buying an additional 96 shares during the last quarter. Mattson Financial Services LLC acquired a new position in shares of PepsiCo in the 2nd quarter valued at $34,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of PepsiCo in the 3rd quarter valued at $44,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of PEP opened at $150.69 on Friday. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The stock has a market cap of $206.75 billion, a P/E ratio of 22.23, a PEG ratio of 2.91 and a beta of 0.54. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The company has a 50-day moving average of $153.35 and a two-hundred day moving average of $164.97.

PepsiCo Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PEP. Deutsche Bank Aktiengesellschaft dropped their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Wells Fargo & Company reduced their price target on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Piper Sandler started coverage on PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target on the stock. Finally, Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus price target of $176.73.

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.