Kozak & Associates Inc. Cuts Stake in PepsiCo, Inc. (NASDAQ:PEP)

Kozak & Associates Inc. trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP) by 24.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 407 shares of the company’s stock after selling 132 shares during the quarter. Kozak & Associates Inc.’s holdings in PepsiCo were worth $61,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of PEP. Global Wealth Strategies & Associates grew its stake in PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares in the last quarter. Highline Wealth Partners LLC purchased a new position in shares of PepsiCo in the 3rd quarter worth about $28,000. Legacy Investment Solutions LLC purchased a new stake in PepsiCo in the third quarter worth approximately $31,000. Rakuten Securities Inc. lifted its stake in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares during the last quarter. Finally, Mattson Financial Services LLC bought a new position in PepsiCo in the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PepsiCo stock traded down $2.55 during midday trading on Monday, hitting $147.10. The company had a trading volume of 4,737,754 shares, compared to its average volume of 4,887,406. PepsiCo, Inc. has a 12-month low of $146.95 and a 12-month high of $183.41. The company has a fifty day simple moving average of $159.51 and a 200 day simple moving average of $167.26. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The stock has a market cap of $201.82 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 2.94 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. The business had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company earned $2.25 earnings per share. As a group, analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Friday, December 6th. PepsiCo’s payout ratio is currently 79.94%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. TD Cowen downgraded PepsiCo from a “buy” rating to a “hold” rating and lowered their price target for the company from $190.00 to $183.00 in a report on Thursday, October 10th. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective for the company. in a research report on Friday, September 20th. Barclays cut their price target on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Bank of America cut their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Finally, Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $184.31.

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.