One Charles Private Wealth Services LLC Decreases Holdings in PepsiCo, Inc. (NASDAQ:PEP)

by · The Cerbat Gem

One Charles Private Wealth Services LLC lowered its stake in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 4.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,951 shares of the company’s stock after selling 90 shares during the period. One Charles Private Wealth Services LLC’s holdings in PepsiCo were worth $332,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Kingsview Wealth Management LLC raised its holdings in PepsiCo by 2.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 84,988 shares of the company’s stock valued at $14,452,000 after buying an additional 2,397 shares during the period. Cerity Partners LLC increased its position in PepsiCo by 11.3% during the third quarter. Cerity Partners LLC now owns 944,940 shares of the company’s stock valued at $160,687,000 after acquiring an additional 96,198 shares during the last quarter. Certified Advisory Corp lifted its holdings in shares of PepsiCo by 47.6% in the 3rd quarter. Certified Advisory Corp now owns 3,125 shares of the company’s stock worth $531,000 after acquiring an additional 1,008 shares during the last quarter. Great Valley Advisor Group Inc. boosted its stake in shares of PepsiCo by 28.5% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 105,487 shares of the company’s stock worth $17,938,000 after purchasing an additional 23,412 shares during the period. Finally, Nicolet Advisory Services LLC grew its holdings in PepsiCo by 2.2% during the 3rd quarter. Nicolet Advisory Services LLC now owns 43,079 shares of the company’s stock valued at $7,260,000 after purchasing an additional 915 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PEP has been the subject of several recent analyst reports. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Bank of America reduced their target price on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Deutsche Bank Aktiengesellschaft cut their price target on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Finally, Barclays decreased their price objective on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus price target of $183.92.

View Our Latest Analysis on PEP

PepsiCo Price Performance

Shares of PEP stock opened at $162.00 on Friday. The firm has a market capitalization of $222.26 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 2.99 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The stock’s 50-day simple moving average is $169.01 and its 200-day simple moving average is $170.98. PepsiCo, Inc. has a fifty-two week low of $155.85 and a fifty-two week high of $183.41.

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

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 6th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Friday, December 6th. PepsiCo’s dividend payout ratio is presently 79.94%.

About PepsiCo

(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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