Midland Wealth Advisors LLC Sells 1,427 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Midland Wealth Advisors LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,427 shares of the company’s stock after selling 1,427 shares during the quarter. Midland Wealth Advisors LLC’s holdings in PepsiCo were worth $2,346,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. Collier Financial purchased a new stake in shares of PepsiCo in the 4th quarter worth about $28,000. Creative Capital Management Investments LLC bought a new position in PepsiCo in the fourth quarter worth about $30,000. Legacy Investment Solutions LLC bought a new stake in PepsiCo during the 3rd quarter valued at approximately $31,000. Rakuten Securities Inc. grew its holdings in shares of PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares during the period. Finally, Bay Harbor Wealth Management LLC bought a new position in shares of PepsiCo in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.1 %

Shares of NASDAQ:PEP opened at $154.44 on Monday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The company has a market cap of $211.81 billion, a P/E ratio of 22.22, a PEG ratio of 3.09 and a beta of 0.52. The stock’s fifty day moving average price is $148.80 and its 200-day moving average price is $160.76.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.78 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.51%. PepsiCo’s payout ratio is 77.99%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PEP. TD Cowen dropped their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. BNP Paribas reduced their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Citigroup lowered their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Morgan Stanley cut their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. lowered their target price on shares of 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, twelve have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $172.35.

PepsiCo 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.