Stonehage Fleming Financial Services Holdings Ltd Sells 871 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Stonehage Fleming Financial Services Holdings Ltd reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 19.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,625 shares of the company’s stock after selling 871 shares during the period. Stonehage Fleming Financial Services Holdings Ltd’s holdings in PepsiCo were worth $551,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PEP. Granite Group Advisors LLC boosted its position in shares of PepsiCo by 99.9% during the fourth quarter. Granite Group Advisors LLC now owns 11,703 shares of the company’s stock worth $1,780,000 after buying an additional 5,850 shares during the period. Legacy Financial Group LLC acquired a new position in PepsiCo during the 4th quarter worth approximately $219,000. Narwhal Capital Management raised its holdings in shares of PepsiCo by 5.9% in the fourth quarter. Narwhal Capital Management now owns 57,612 shares of the company’s stock valued at $8,760,000 after purchasing an additional 3,197 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of PepsiCo by 8.8% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 23,611 shares of the company’s stock worth $3,590,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Stablepoint Partners LLC increased its stake in PepsiCo by 1.3% in the 4th quarter. Stablepoint Partners LLC now owns 36,182 shares of the company’s stock valued at $5,502,000 after buying an additional 459 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.3 %

NASDAQ PEP opened at $149.12 on Monday. The company has a market cap of $204.59 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 2.86 and a beta of 0.54. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year 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 company has a 50 day moving average of $153.88 and a 200-day moving average of $165.34.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Friday, December 6th. PepsiCo’s payout ratio is currently 79.94%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PEP. Royal Bank of Canada decreased their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. TD Cowen dropped their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. 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. Deutsche Bank Aktiengesellschaft cut their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Finally, Barclays decreased their target price on PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $177.00.

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.