Elk River Wealth Management LLC Has $3.85 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Elk River Wealth Management LLC reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 25,074 shares of the company’s stock after selling 559 shares during the quarter. Elk River Wealth Management LLC’s holdings in PepsiCo were worth $3,847,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Corps Capital Advisors LLC acquired a new stake in shares of PepsiCo during the fourth quarter worth $1,390,000. Emerald Advisors LLC increased its position in shares of PepsiCo by 5.0% during the fourth quarter. Emerald Advisors LLC now owns 6,810 shares of the company’s stock worth $1,036,000 after buying an additional 326 shares during the period. Sterling Financial Planning Inc. increased its position in shares of PepsiCo by 18.5% during the fourth quarter. Sterling Financial Planning Inc. now owns 3,181 shares of the company’s stock worth $484,000 after buying an additional 496 shares during the period. Keene & Associates Inc. increased its position in shares of PepsiCo by 4.1% during the fourth quarter. Keene & Associates Inc. now owns 19,877 shares of the company’s stock worth $3,023,000 after buying an additional 780 shares during the period. Finally, Financial Perspectives Inc increased its position in shares of PepsiCo by 7.8% during the fourth quarter. Financial Perspectives Inc now owns 1,399 shares of the company’s stock worth $213,000 after buying an additional 101 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on PEP. CICC Research restated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, January 24th. UBS Group reduced their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Royal Bank of Canada began coverage on shares of PepsiCo in a report on Tuesday, February 4th. They issued a $172.00 price target for the company. Finally, StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $171.47.

PepsiCo Stock Performance

NASDAQ PEP opened at $145.81 on Thursday. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a 50-day simple moving average of $149.16 and a 200 day simple moving average of $162.60. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The company has a market capitalization of $199.98 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 2.95 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter last year, the company posted $1.78 earnings per share. The firm’s quarterly revenue was down .2% compared to the same quarter last year. On average, research analysts predict that PepsiCo, Inc. will post 8.34 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.72%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

PepsiCo 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.