Woodard & Co. Asset Management Group Inc. ADV lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 18.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,326 shares of the company's stock after selling 300 shares during the period. Woodard & Co. Asset Management Group Inc. ADV's holdings in PepsiCo were worth $216,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. City State Bank increased its position in PepsiCo by 6.5% during the third quarter. City State Bank now owns 1,986 shares of the company's stock valued at $324,000 after acquiring an additional 122 shares during the last quarter. Aries Wealth Management purchased a new stake in shares of PepsiCo during the second quarter valued at $2,622,000. Mcrae Capital Management Inc. boosted its stake in shares of PepsiCo by 1.3% during the second quarter. Mcrae Capital Management Inc. now owns 11,967 shares of the company's stock valued at $1,994,000 after purchasing an additional 156 shares during the period. Hixon Zuercher LLC boosted its stake in shares of PepsiCo by 4.6% during the third quarter. Hixon Zuercher LLC now owns 26,730 shares of the company's stock valued at $4,364,000 after purchasing an additional 1,168 shares during the period. Finally, Mission Wealth Management LP boosted its stake in shares of PepsiCo by 6.7% during the second quarter. Mission Wealth Management LP now owns 21,376 shares of the company's stock valued at $3,563,000 after purchasing an additional 1,343 shares during the period. Institutional investors own 70.76% of the company's stock.
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PepsiCo Stock Down 0.4 %
Shares of PEP stock traded down $0.60 during mid-day trading on Friday, hitting $169.62. 5,451,407 shares of the stock traded hands, compared to its average volume of 3,971,042. The stock has a market cap of $233.69 billion, a P/E ratio of 24.27, a P/E/G ratio of 3.05 and a beta of 0.57. The stock's fifty day moving average is $180.01 and its two-hundred day moving average is $175.94. PepsiCo, Inc. has a 52-week low of $153.37 and a 52-week high of $186.84. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.92 and a quick ratio of 0.72.
PepsiCo Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 6th. Stockholders of record on Friday, December 2nd were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $4.60 annualized dividend and a dividend yield of 2.71%. PepsiCo's dividend payout ratio (DPR) is currently 65.81%.
Analyst Upgrades and Downgrades
PEP has been the subject of a number of recent analyst reports. Redburn Partners initiated coverage on shares of PepsiCo in a research note on Friday, November 4th. They set a "sell" rating and a $141.00 target price for the company. Deutsche Bank Aktiengesellschaft upped their price objective on shares of PepsiCo from $181.00 to $186.00 and gave the stock a "hold" rating in a research note on Tuesday, December 6th. Credit Suisse Group lowered their price objective on shares of PepsiCo from $173.00 to $172.00 and set a "neutral" rating for the company in a research note on Monday, October 3rd. JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $188.00 to $186.00 and set an "overweight" rating for the company in a research note on Friday, September 30th. Finally, Wells Fargo & Company upped their price objective on shares of PepsiCo from $174.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $183.36.
About PepsiCo
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PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. It operates through the following business segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC).
Further Reading
- Get a free copy of the StockNews.com research report on PepsiCo (PEP)
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