Capital Advisors Inc. OK Has $267.78 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Capital Advisors Inc. OK lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,760,992 shares of the company’s stock after selling 3,553 shares during the period. PepsiCo comprises approximately 5.3% of Capital Advisors Inc. OK’s portfolio, making the stock its largest holding. Capital Advisors Inc. OK’s holdings in PepsiCo were worth $267,776,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Highline Wealth Partners LLC bought a new position in PepsiCo in the third quarter worth $28,000. Collier Financial bought a new position in PepsiCo in the fourth quarter worth $28,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the third quarter worth $31,000. Rakuten Securities Inc. grew its stake in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter worth $34,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 0.9 %

Shares of NASDAQ:PEP opened at $145.64 on Wednesday. The stock has a 50 day moving average of $151.05 and a 200 day moving average of $163.87. The company has a market cap of $199.75 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54. The company has a current ratio of 0.82, a quick ratio of 0.70 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41.

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

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.72%. PepsiCo’s payout ratio is 77.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. HSBC cut their target price on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. TD Cowen reduced 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. Royal Bank of Canada began coverage on PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 target price for the company. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, UBS Group decreased their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo has an average rating of “Hold” and an average target price 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.