PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 9.6% during the 4th quarter, HoldingsChannel reports. The fund owned 101,533 shares of the company’s stock after selling 10,754 shares during the quarter. Atria Investments Inc’s holdings in PepsiCo were worth $15,439,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PEP. Assetmark Inc. grew its position in shares of PepsiCo by 37.6% during the fourth quarter. Assetmark Inc. now owns 56,108 shares of the company’s stock worth $8,532,000 after buying an additional 15,328 shares in the last quarter. Academy Capital Management grew its holdings in PepsiCo by 1.4% during the 4th quarter. Academy Capital Management now owns 88,135 shares of the company’s stock worth $13,402,000 after acquiring an additional 1,224 shares in the last quarter. Souders Financial Advisors increased its position in shares of PepsiCo by 22.5% in the 4th quarter. Souders Financial Advisors now owns 4,274 shares of the company’s stock worth $650,000 after purchasing an additional 784 shares during the last quarter. Triad Wealth Partners LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at about $471,000. Finally, Wealth Advisory Solutions LLC lifted its position in shares of PepsiCo by 10.1% during the fourth quarter. Wealth Advisory Solutions LLC now owns 1,732 shares of the company’s stock worth $264,000 after purchasing an additional 159 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Evercore ISI decreased their target price on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. UBS Group dropped their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. HSBC decreased their price target on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Wells Fargo & Company dropped their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average target price of $171.47.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $154.19 on Wednesday. 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 one year low of $141.51 and a one year high of $183.41. The business’s 50-day moving average price is $148.71 and its two-hundred day moving average price is $161.20. The company has a market capitalization of $211.47 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52.

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

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.52%. PepsiCo’s dividend payout ratio is 77.99%.

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.