PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Lowered by KWB Wealth

KWB Wealth reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,181 shares of the company’s stock after selling 128 shares during the quarter. KWB Wealth’s holdings in PepsiCo were worth $636,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Breakwater Capital Group raised its holdings in shares of PepsiCo by 11.4% during the fourth quarter. Breakwater Capital Group now owns 5,648 shares of the company’s stock valued at $859,000 after acquiring an additional 577 shares during the period. 180 Wealth Advisors LLC raised its holdings in shares of PepsiCo by 4.7% during the fourth quarter. 180 Wealth Advisors LLC now owns 18,214 shares of the company’s stock valued at $2,770,000 after acquiring an additional 814 shares during the period. West Oak Capital LLC raised its holdings in shares of PepsiCo by 1.9% during the fourth quarter. West Oak Capital LLC now owns 12,579 shares of the company’s stock valued at $1,913,000 after acquiring an additional 240 shares during the period. Global Financial Private Client LLC raised its holdings in shares of PepsiCo by 1.5% during the fourth quarter. Global Financial Private Client LLC now owns 11,695 shares of the company’s stock valued at $1,778,000 after acquiring an additional 177 shares during the period. Finally, Ayrshire Capital Management LLC raised its holdings in shares of PepsiCo by 2.9% during the fourth quarter. Ayrshire Capital Management LLC now owns 36,808 shares of the company’s stock valued at $5,597,000 after acquiring an additional 1,030 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

NASDAQ PEP opened at $144.95 on Wednesday. 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 fifty day simple moving average of $156.46 and a 200 day simple moving average of $166.20. The company has a market cap of $198.87 billion, a P/E ratio of 21.38, a P/E/G 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.

PepsiCo Announces Dividend

The company also recently disclosed 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. This represents a $5.42 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio is currently 79.94%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PEP shares. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a research report on Friday, September 20th. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Finally, Royal Bank of Canada lowered their price objective on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.