PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Inlet Private Wealth LLC

Inlet Private Wealth LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 13.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,256 shares of the company’s stock after selling 1,830 shares during the quarter. Inlet Private Wealth LLC’s holdings in PepsiCo were worth $1,864,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PEP. Newbridge Financial Services Group Inc. raised its holdings in shares of PepsiCo by 13.3% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 579 shares of the company’s stock valued at $95,000 after purchasing an additional 68 shares in the last quarter. Centaurus Financial Inc. increased its holdings in shares of PepsiCo by 210.2% in the 2nd quarter. Centaurus Financial Inc. now owns 14,419 shares of the company’s stock valued at $2,378,000 after acquiring an additional 9,770 shares during the last quarter. Mattson Financial Services LLC acquired a new stake in shares of PepsiCo during the 2nd quarter worth about $34,000. AMF Tjanstepension AB lifted its stake in PepsiCo by 15.8% during the third 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 last quarter. Finally, Czech National Bank increased its stake in PepsiCo by 6.8% in the third quarter. Czech National Bank now owns 279,811 shares of the company’s stock valued at $47,582,000 after purchasing an additional 17,833 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 0.8 %

NASDAQ:PEP opened at $150.69 on Friday. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. 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 price of $153.12 and a two-hundred day moving average price of $164.88. The stock has a market capitalization of $206.75 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 2.91 and a beta of 0.54.

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 dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio is currently 79.94%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. dropped their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $172.00 target price on shares of PepsiCo in a report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $176.73.

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.