PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 6.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,369 shares of the company’s stock after selling 101 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in PepsiCo were worth $234,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PEP. LFA Lugano Financial Advisors SA boosted its stake in shares of PepsiCo by 80.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after buying an additional 70 shares in the last quarter. Life Planning Partners Inc purchased a new stake in PepsiCo during the fourth quarter worth about $34,000. Naples Money Management LLC acquired a new position in PepsiCo during the fourth quarter worth about $36,000. Criterion Capital Advisors LLC purchased a new position in PepsiCo in the fourth quarter valued at about $39,000. Finally, Avion Wealth lifted its position in shares of PepsiCo by 61.7% during the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after acquiring an additional 92 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 0.3 %

PEP traded down $0.61 during midday trading on Wednesday, hitting $177.41. The company’s stock had a trading volume of 3,266,694 shares, compared to its average volume of 5,666,490. The firm has a market cap of $243.90 billion, a P/E ratio of 26.68, a PEG ratio of 2.87 and a beta of 0.52. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The firm has a 50-day moving average price of $170.49 and a two-hundred day moving average price of $168.70.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.52 by $0.09. The firm had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. PepsiCo’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.50 earnings per share. On average, research analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, June 7th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a yield of 3.06%. PepsiCo’s dividend payout ratio is currently 76.09%.

Analyst Upgrades and Downgrades

PEP has been the subject of several research reports. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Wedbush reaffirmed an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Finally, Barclays increased their target price on PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $187.42.

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.