FSM Wealth Advisors LLC Reduces Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

FSM Wealth Advisors LLC lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.8% during the 4th quarter, Holdings Channel reports. The firm owned 7,143 shares of the company’s stock after selling 131 shares during the quarter. FSM Wealth Advisors LLC’s holdings in PepsiCo were worth $1,047,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in PEP. Highline Wealth Partners LLC purchased a new stake in PepsiCo during the 3rd quarter valued at about $28,000. Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo in the 3rd quarter valued at about $31,000. Rakuten Securities Inc. lifted its holdings in shares of PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after buying an additional 96 shares during the period. ORG Wealth Partners LLC acquired a new position in shares of PepsiCo in the 3rd quarter valued at about $44,000. Finally, Global Wealth Strategies & Associates lifted its holdings in shares of PepsiCo by 145.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 390 shares of the company’s stock valued at $59,000 after buying an additional 231 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $150.69 on Monday. The business has a 50 day simple moving average of $153.12 and a two-hundred day simple moving average of $164.88. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The stock has a market capitalization of $206.75 billion, a P/E ratio of 22.23, a PEG ratio of 2.92 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were given a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.60%. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PEP. TD Cowen decreased their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Wells Fargo & Company reduced their price target on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. reduced their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, January 24th. 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. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $176.73.

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.