Kingsview Wealth Management LLC Sells 381 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Kingsview Wealth Management LLC cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 84,607 shares of the company’s stock after selling 381 shares during the quarter. Kingsview Wealth Management LLC’s holdings in PepsiCo were worth $12,865,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PEP. Highline Wealth Partners LLC bought a new position in shares of PepsiCo during the 3rd quarter worth about $28,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the third quarter worth approximately $31,000. Rakuten Securities Inc. increased its holdings in shares of PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after acquiring an additional 96 shares in the last quarter. Bay Harbor Wealth Management LLC bought a new position in shares of PepsiCo in the 4th quarter worth $34,000. Finally, ORG Wealth Partners LLC bought a new stake in PepsiCo during the 3rd quarter valued at $44,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ:PEP opened at $144.58 on Friday. The business’s 50-day moving average price is $151.80 and its two-hundred day moving average price is $164.26. The stock has a market cap of $198.29 billion, a P/E ratio of 20.80, a PEG ratio of 2.89 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41.

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

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.75%. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

Analysts Set New Price Targets

PEP has been the topic of a number of analyst reports. Royal Bank of Canada initiated coverage on shares of PepsiCo in a report on Tuesday. They issued a $172.00 target price on the stock. JPMorgan Chase & Co. cut their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. BNP Paribas dropped their price target on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday. Citigroup cut their price objective on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $171.47.

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.