JGP Wealth Management LLC Sells 7,193 Shares of PepsiCo, Inc. (NASDAQ:PEP)

JGP Wealth Management LLC decreased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 16.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 37,526 shares of the company’s stock after selling 7,193 shares during the quarter. JGP Wealth Management LLC’s holdings in PepsiCo were worth $5,706,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PEP. International Assets Investment Management LLC grew its holdings in shares of PepsiCo by 17,113.0% in the 3rd quarter. International Assets Investment Management LLC now owns 3,220,385 shares of the company’s stock valued at $547,626,000 after acquiring an additional 3,201,676 shares in the last quarter. State Street Corp increased its position in PepsiCo by 5.1% during the third quarter. State Street Corp now owns 57,268,030 shares of the company’s stock worth $9,738,429,000 after buying an additional 2,775,679 shares during the last quarter. Franklin Resources Inc. increased its position in PepsiCo by 21.1% during the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company’s stock worth $2,293,049,000 after buying an additional 2,264,445 shares during the last quarter. Swedbank AB increased its position in PepsiCo by 211.4% during the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after buying an additional 1,592,343 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in PepsiCo by 5.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 21,360,850 shares of the company’s stock worth $3,632,413,000 after buying an additional 1,125,059 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PEP shares. Hsbc Global Res raised PepsiCo to a “hold” rating in a research report on Thursday, October 10th. UBS Group decreased their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday. Barclays decreased their target price on PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Wells Fargo & Company decreased their target price on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. One 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. Based on data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $180.27.

PepsiCo Stock Up 1.2 %

Shares of PEP opened at $146.58 on Friday. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The stock has a market capitalization of $201.11 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 2.57 and a beta of 0.54. 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 fifty day moving average of $156.06 and a 200-day moving average of $166.05.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.70%. PepsiCo’s payout ratio is 79.94%.

PepsiCo Company 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.