PepsiCo, Inc. (NASDAQ:PEP) Stake Cut by Moseley Investment Management Inc.

Moseley Investment Management Inc. lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,662 shares of the company’s stock after selling 627 shares during the quarter. PepsiCo makes up 1.0% of Moseley Investment Management Inc.’s investment portfolio, making the stock its 20th largest holding. Moseley Investment Management Inc.’s holdings in PepsiCo were worth $2,686,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Empowered Funds LLC grew its stake in PepsiCo by 9.2% in the third quarter. Empowered Funds LLC now owns 99,785 shares of the company’s stock valued at $16,968,000 after purchasing an additional 8,406 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of PepsiCo by 11.0% in the 3rd quarter. Janus Henderson Group PLC now owns 350,225 shares of the company’s stock valued at $59,549,000 after buying an additional 34,633 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV increased its holdings in PepsiCo by 12.8% in the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company’s stock worth $6,323,000 after buying an additional 4,712 shares during the last quarter. IHT Wealth Management LLC raised its position in PepsiCo by 19.3% during the third quarter. IHT Wealth Management LLC now owns 32,267 shares of the company’s stock valued at $5,493,000 after acquiring an additional 5,220 shares in the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in PepsiCo in the third quarter valued at approximately $9,589,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 0.3 %

Shares of PEP stock opened at $144.95 on Wednesday. The firm has a market capitalization of $198.87 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 2.94 and a beta of 0.54. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The firm’s fifty day simple moving average is $156.46 and its 200 day simple moving average is $166.20. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were issued 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 3.74%. PepsiCo’s payout ratio is 79.94%.

Analysts Set New Price Targets

PEP has been the topic of several analyst reports. Royal Bank of Canada dropped their price target on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research note on Friday, October 4th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target for the company. in a research report on Friday, September 20th. TD Cowen lowered their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded PepsiCo from a “hold” rating to a “buy” rating and boosted their target price for the stock from $179.00 to $184.00 in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $180.64.

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.