Capital Advisors Wealth Management LLC Sells 423 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Capital Advisors Wealth Management LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 8.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,594 shares of the company’s stock after selling 423 shares during the period. Capital Advisors Wealth Management LLC’s holdings in PepsiCo were worth $699,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Global Wealth Strategies & Associates boosted its position in shares of PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after purchasing an additional 59 shares in the last quarter. Highline Wealth Partners LLC bought a new position in PepsiCo during the 3rd quarter valued at approximately $28,000. Legacy Investment Solutions LLC purchased a new position in PepsiCo during the third quarter valued at $31,000. Mattson Financial Services LLC bought a new stake in PepsiCo in the second quarter worth $34,000. Finally, Rakuten Securities Inc. grew its stake in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

NASDAQ PEP opened at $146.58 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $201.11 billion, a P/E ratio of 21.62, a PEG ratio of 2.57 and a beta of 0.54. The company has a 50-day moving average price of $156.06 and a 200-day moving average price of $166.05. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were given a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.70%. PepsiCo’s payout ratio is presently 79.94%.

Analyst Ratings Changes

PEP has been the topic of a number of analyst reports. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Wells Fargo & Company dropped their target price on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note 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. UBS Group lowered their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Royal Bank of Canada reduced their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $180.27.

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.