Hofer & Associates. Inc Sells 90 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Hofer & Associates. Inc cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,887 shares of the company’s stock after selling 90 shares during the quarter. Hofer & Associates. Inc’s holdings in PepsiCo were worth $439,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Highline Wealth Partners LLC bought a new stake in PepsiCo during the third quarter valued at $28,000. Legacy Investment Solutions LLC bought a new position in shares of PepsiCo during the 3rd quarter worth approximately $31,000. Mattson Financial Services LLC acquired a new stake in shares of PepsiCo during the 2nd quarter worth approximately $34,000. Rakuten Securities Inc. lifted its position in shares of PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after acquiring an additional 96 shares during the period. Finally, ORG Wealth Partners LLC bought a new position in PepsiCo during the third quarter worth $44,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on PEP shares. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Piper Sandler began coverage on PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Wells Fargo & Company cut their price target on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, TD Cowen lowered their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $176.73.

PepsiCo Trading Down 0.8 %

NASDAQ:PEP opened at $150.69 on Friday. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The firm’s 50 day moving average is $153.35 and its 200 day moving average is $164.97. The stock has a market capitalization of $206.75 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 2.91 and a beta of 0.54.

PepsiCo Dividend Announcement

The company 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. This represents a $5.42 annualized dividend and a yield of 3.60%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is currently 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.