180 Wealth Advisors LLC lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,120 shares of the company’s stock after selling 60 shares during the period. 180 Wealth Advisors LLC’s holdings in PepsiCo were worth $765,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in PEP. Clear Investment Research LLC bought a new position in PepsiCo in the fourth quarter worth about $25,000. Freedom Wealth Alliance LLC acquired a new position in PepsiCo during the 4th quarter valued at approximately $29,000. Silicon Valley Capital Partners bought a new position in PepsiCo during the 4th quarter worth $36,000. Carderock Capital Management Inc. acquired a new stake in PepsiCo in the first quarter worth $36,000. Finally, Kepos Capital LP acquired a new position in shares of PepsiCo during the fourth quarter valued at $40,000. Institutional investors and hedge funds own 71.40% of the company’s stock.
PepsiCo Stock Down 0.3 %
PEP stock opened at $179.38 on Tuesday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.84 and a quick ratio of 0.64. The firm has a market cap of $246.93 billion, a PE ratio of 31.42, a P/E/G ratio of 2.95 and a beta of 0.54. PepsiCo, Inc. has a 12 month low of $160.98 and a 12 month high of $196.88. The firm has a 50 day simple moving average of $182.67 and a 200 day simple moving average of $184.61.
PepsiCo Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be paid a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Thursday, August 31st. PepsiCo’s dividend payout ratio is presently 88.62%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on PEP. Argus boosted their target price on shares of PepsiCo from $206.00 to $212.00 in a research note on Friday, July 14th. Barclays decreased their price objective on PepsiCo from $206.00 to $198.00 in a report on Monday, July 10th. Evercore ISI lifted their target price on PepsiCo from $190.00 to $195.00 in a research note on Friday, July 14th. Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating and set a $210.00 price target for the company. in a research note on Monday, July 17th. Finally, Wedbush lifted their price objective on shares of PepsiCo from $200.00 to $206.00 and gave the company an “outperform” rating in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $192.00.
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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