Peloton Wealth Strategists Cuts Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Peloton Wealth Strategists trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 6.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,055 shares of the company’s stock after selling 1,600 shares during the period. PepsiCo accounts for 1.6% of Peloton Wealth Strategists’ portfolio, making the stock its 25th largest holding. Peloton Wealth Strategists’ holdings in PepsiCo were worth $4,005,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Global Wealth Management Investment Advisory Inc. grew its stake in shares of PepsiCo by 86.9% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 200 shares of the company’s stock worth $30,000 after buying an additional 93 shares in the last quarter. Leverty Financial Group LLC purchased a new position in shares of PepsiCo in the 4th quarter worth $38,000. Masso Torrence Wealth Management Inc. purchased a new position in shares of PepsiCo in the 4th quarter worth $56,000. Creative Financial Designs Inc. ADV grew its stake in shares of PepsiCo by 229.6% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 323 shares of the company’s stock worth $56,000 after buying an additional 225 shares in the last quarter. Finally, Evolution Advisers Inc. purchased a new position in shares of PepsiCo in the 4th quarter worth $59,000. 72.12% of the stock is owned by institutional investors.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of PepsiCo from a “sell” rating to a “hold” rating and set a $180.00 price objective for the company in a report on Monday, April 4th. Citigroup lifted their price objective on shares of PepsiCo from $194.00 to $198.00 in a report on Wednesday, April 27th. Wells Fargo & Company decreased their price objective on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, March 9th. Barclays decreased their price objective on shares of PepsiCo from $186.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, February 14th. Finally, Morgan Stanley lifted their price objective on shares of PepsiCo from $172.00 to $188.00 and gave the company an “overweight” rating in a report on Tuesday, February 8th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $176.56.

Shares of PepsiCo stock traded up $3.32 on Friday, reaching $173.72. The stock had a trading volume of 4,713,867 shares, compared to its average volume of 5,371,708. The company has a 50 day moving average price of $168.17 and a 200 day moving average price of $168.12. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.89. PepsiCo, Inc. has a 1 year low of $144.08 and a 1 year high of $177.62. The stock has a market capitalization of $240.20 billion, a P/E ratio of 23.76, a P/E/G ratio of 3.39 and a beta of 0.58.

PepsiCo (NASDAQ:PEPGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. The firm had revenue of $16.20 billion for the quarter, compared to the consensus estimate of $15.54 billion. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 EPS. On average, analysts forecast that PepsiCo, Inc. will post 6.64 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Friday, June 3rd will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Thursday, June 2nd. This is an increase from PepsiCo’s previous quarterly dividend of $1.08. PepsiCo’s payout ratio is currently 58.82%.

PepsiCo Company Profile (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells 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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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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