Avantax Planning Partners Inc. Has $7.34 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Avantax Planning Partners Inc. trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,292 shares of the company’s stock after selling 545 shares during the quarter. Avantax Planning Partners Inc.’s holdings in PepsiCo were worth $7,343,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. GC Wealth Management RIA LLC grew its stake in PepsiCo by 23.3% during the fourth quarter. GC Wealth Management RIA LLC now owns 16,312 shares of the company’s stock worth $2,480,000 after buying an additional 3,084 shares during the last quarter. Gables Capital Management Inc. boosted its holdings in shares of PepsiCo by 5.1% in the 4th quarter. Gables Capital Management Inc. now owns 4,152 shares of the company’s stock worth $631,000 after acquiring an additional 200 shares in the last quarter. Miller Financial Services LLC bought a new stake in PepsiCo during the 4th quarter worth approximately $1,141,000. Mcintyre Freedman & Flynn Investment Advisers Inc. increased its holdings in PepsiCo by 3.5% during the 4th quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 17,500 shares of the company’s stock valued at $2,661,000 after purchasing an additional 590 shares in the last quarter. Finally, Riverbend Wealth Management LLC acquired a new position in PepsiCo in the fourth quarter worth $544,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Up 1.2 %

NASDAQ PEP opened at $156.25 on Tuesday. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The firm has a market cap of $214.30 billion, a P/E ratio of 22.48, a P/E/G ratio of 3.09 and a beta of 0.52. The stock’s 50-day moving average is $148.89 and its 200-day moving average is $160.62.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the company posted $1.78 EPS. Sell-side 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. Stockholders of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.47%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PEP shares. BNP Paribas cut their price target on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. TD Cowen dropped their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company lowered their price target on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Citigroup reduced their price objective on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Finally, UBS Group lowered their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $172.35.

PepsiCo Profile

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.