JFS Wealth Advisors LLC Sells 404 Shares of PepsiCo, Inc. (NASDAQ:PEP)

JFS Wealth Advisors LLC reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,304 shares of the company’s stock after selling 404 shares during the period. JFS Wealth Advisors LLC’s holdings in PepsiCo were worth $2,631,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. AMF Tjanstepension AB raised its holdings in shares of PepsiCo by 15.8% in the 3rd quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock worth $50,016,000 after purchasing an additional 40,031 shares during the period. Swedbank AB raised its stake in shares of PepsiCo by 211.4% in the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock valued at $398,847,000 after buying an additional 1,592,343 shares during the period. Howard Capital Management Group LLC grew its stake in shares of PepsiCo by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after acquiring an additional 90 shares during the period. Inspire Advisors LLC purchased a new stake in PepsiCo in the 3rd quarter worth about $203,000. Finally, Chicago Capital LLC raised its stake in PepsiCo by 1.1% in the 3rd quarter. Chicago Capital LLC now owns 48,622 shares of the company’s stock valued at $8,268,000 after acquiring an additional 539 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PEP shares. Piper Sandler initiated coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price for the company. BNP Paribas reduced their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Barclays dropped their target price on PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Citigroup reduced their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Finally, UBS Group dropped their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $171.47.

PepsiCo Stock Down 0.8 %

Shares of NASDAQ:PEP opened at $143.39 on Monday. The firm has a market capitalization of $196.66 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.70 and a current ratio of 0.82. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The firm has a fifty day moving average of $149.80 and a 200 day moving average of $163.13.

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

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.78%. PepsiCo’s payout ratio is 77.99%.

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.