Signature Wealth Management Partners LLC Sells 300 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Signature Wealth Management Partners LLC lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,369 shares of the company’s stock after selling 300 shares during the period. Signature Wealth Management Partners LLC’s holdings in PepsiCo were worth $664,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of PEP. Scientech Research LLC bought a new position in shares of PepsiCo during the 2nd quarter valued at about $325,000. Invst LLC boosted its holdings in shares of PepsiCo by 28.1% in the second quarter. Invst LLC now owns 2,870 shares of the company’s stock valued at $467,000 after buying an additional 630 shares during the period. Quarry LP increased its position in shares of PepsiCo by 409.7% during the second quarter. Quarry LP now owns 892 shares of the company’s stock worth $147,000 after acquiring an additional 717 shares in the last quarter. Pathway Financial Advisers LLC lifted its position in PepsiCo by 2.1% in the 2nd quarter. Pathway Financial Advisers LLC now owns 34,685 shares of the company’s stock valued at $5,692,000 after acquiring an additional 720 shares in the last quarter. Finally, Granite Bay Wealth Management LLC increased its holdings in PepsiCo by 9.3% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 25,676 shares of the company’s stock worth $4,235,000 after purchasing an additional 2,187 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 2.8 %

Shares of PepsiCo stock opened at $150.25 on Wednesday. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The company has a market capitalization of $206.14 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 2.86 and a beta of 0.54. The business has a fifty day simple moving average of $153.81 and a two-hundred day simple moving average of $165.28. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.61%. PepsiCo’s dividend payout ratio (DPR) is currently 79.94%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports 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. Barclays cut their price objective on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. JPMorgan Chase & Co. decreased their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Piper Sandler began coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. Finally, Wells Fargo & Company lowered their target price on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $177.00.

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.