SL Advisors LLC Sells 134 Shares of PepsiCo, Inc. (NASDAQ:PEP)

by · The Markets Daily

SL Advisors LLC lessened its stake in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 8.3% in the 4th quarter, HoldingsChannel reports. The fund owned 1,489 shares of the company’s stock after selling 134 shares during the quarter. SL Advisors LLC’s holdings in PepsiCo were worth $226,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PEP. Global Wealth Strategies & Associates lifted its holdings in PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares in the last quarter. Highline Wealth Partners LLC bought a new position in PepsiCo in the third quarter valued at about $28,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo in the third quarter worth about $31,000. Rakuten Securities Inc. raised its holdings in PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares during the last quarter. Finally, Mattson Financial Services LLC bought a new position in shares of PepsiCo in the 2nd quarter valued at about $34,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.1 %

PEP stock traded up $0.10 during midday trading on Wednesday, hitting $145.50. The company’s stock had a trading volume of 2,634,794 shares, compared to its average volume of 5,937,458. The company’s fifty day moving average price is $158.60 and its 200 day moving average price is $166.97. PepsiCo, Inc. has a twelve month low of $144.56 and a twelve month high of $183.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The stock has a market capitalization of $199.62 billion, a P/E ratio of 21.46, a PEG ratio of 2.94 and a beta of 0.54.

PepsiCo (NASDAQ:PEP – Get Free Report) last issued its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. During the same period in the prior year, the firm posted $2.25 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.73%. PepsiCo’s payout ratio is 79.94%.

Analyst Ratings Changes

PEP has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price objective on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Royal Bank of Canada lowered their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Finally, Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo currently has an average rating of “Hold” and a consensus price target of $180.64.

View Our Latest Research Report on PepsiCo

PepsiCo Company Profile

(Free Report)

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.

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