PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by High Net Worth Advisory Group LLC

High Net Worth Advisory Group LLC trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,561 shares of the company’s stock after selling 1,410 shares during the period. PepsiCo comprises 1.2% of High Net Worth Advisory Group LLC’s holdings, making the stock its 18th largest position. High Net Worth Advisory Group LLC’s holdings in PepsiCo were worth $4,343,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Scientech Research LLC acquired a new position in PepsiCo during the second quarter worth $325,000. Ascent Group LLC raised its position in shares of PepsiCo by 6.4% during the 2nd quarter. Ascent Group LLC now owns 31,284 shares of the company’s stock worth $5,160,000 after purchasing an additional 1,883 shares during the last quarter. Magnolia Capital Advisors LLC acquired a new stake in PepsiCo in the 2nd quarter worth about $1,421,000. NewEdge Advisors LLC increased its stake in PepsiCo by 10.0% during the 2nd quarter. NewEdge Advisors LLC now owns 212,291 shares of the company’s stock worth $35,013,000 after buying an additional 19,249 shares in the last quarter. Finally, Covington Investment Advisors Inc. raised its holdings in shares of PepsiCo by 1.7% during the second quarter. Covington Investment Advisors Inc. now owns 25,357 shares of the company’s stock valued at $4,182,000 after acquiring an additional 429 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.3 %

Shares of PEP opened at $149.12 on Monday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The stock has a market capitalization of $204.59 billion, a PE ratio of 21.99, a P/E/G ratio of 2.86 and a beta of 0.54. The company’s 50-day simple moving average is $153.88 and its 200-day simple moving average is $165.34. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41.

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 issued a dividend of $1.355 per share. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.63%. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

Analyst Upgrades and Downgrades

PEP has been the subject of several research reports. Deutsche Bank Aktiengesellschaft dropped their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. TD Cowen reduced their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Bank of America decreased their target price on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average price target of $177.00.

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.