Bay Rivers Group Trims Stake in PepsiCo, Inc. (NASDAQ:PEP)

Bay Rivers Group decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,583 shares of the company’s stock after selling 100 shares during the quarter. Bay Rivers Group’s holdings in PepsiCo were worth $849,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Northwest Financial Advisors increased its stake in shares of PepsiCo by 9.1% in the 4th quarter. Northwest Financial Advisors now owns 1,436 shares of the company’s stock valued at $218,000 after purchasing an additional 120 shares in the last quarter. Nilsine Partners LLC increased its position in shares of PepsiCo by 4.5% in the fourth quarter. Nilsine Partners LLC now owns 11,114 shares of the company’s stock valued at $1,690,000 after buying an additional 480 shares in the last quarter. Baldwin Wealth Partners LLC MA raised its stake in shares of PepsiCo by 3.3% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 167,983 shares of the company’s stock worth $25,543,000 after buying an additional 5,316 shares during the period. Parsons Capital Management Inc. RI lifted its position in shares of PepsiCo by 27.3% during the 4th quarter. Parsons Capital Management Inc. RI now owns 64,727 shares of the company’s stock valued at $9,843,000 after buying an additional 13,885 shares in the last quarter. Finally, Curran Financial Partners LLC grew its stake in PepsiCo by 8.7% in the 4th quarter. Curran Financial Partners LLC now owns 1,582 shares of the company’s stock valued at $241,000 after acquiring an additional 127 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Barclays decreased their price objective on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. UBS Group cut their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. TD Cowen decreased their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. 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. Finally, Bank of America lowered their target price on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $177.00.

PepsiCo Stock Performance

NASDAQ:PEP opened at $154.61 on Tuesday. The company’s 50-day moving average is $153.88 and its two-hundred day moving average is $165.35. The firm has a market capitalization of $212.12 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 2.86 and a beta of 0.54. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were given a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.51%. PepsiCo’s payout ratio is 79.94%.

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.