Burford Brothers Inc. Sells 185 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Burford Brothers Inc. reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.0% in the 4th quarter, HoldingsChannel reports. The fund owned 3,489 shares of the company’s stock after selling 185 shares during the period. Burford Brothers Inc.’s holdings in PepsiCo were worth $531,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Highline Wealth Partners LLC bought a new stake in shares of PepsiCo in the 3rd quarter valued at about $28,000. Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo in the third quarter worth approximately $31,000. Rakuten Securities Inc. boosted 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 acquiring an additional 96 shares during the last quarter. ORG Wealth Partners LLC bought a new position in PepsiCo during the 3rd quarter worth approximately $44,000. Finally, Global Wealth Strategies & Associates lifted its position in shares of PepsiCo by 145.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 390 shares of the company’s stock worth $59,000 after purchasing an additional 231 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PEP shares. TD Cowen lowered their target price 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. Piper Sandler started 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. Deutsche Bank Aktiengesellschaft cut their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report on Thursday, October 10th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $172.00 price objective on shares of PepsiCo in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $176.73.

PepsiCo Stock Down 0.8 %

PepsiCo stock opened at $150.69 on Monday. The firm has a market capitalization of $206.75 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. The firm’s fifty day moving average price is $153.12 and its two-hundred day moving average price is $164.88. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid a dividend of $1.355 per share. The ex-dividend date 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 (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.