Sandy Cove Advisors LLC Trims Stake in PepsiCo, Inc. (NASDAQ:PEP)

Sandy Cove Advisors LLC trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,505 shares of the company’s stock after selling 266 shares during the period. Sandy Cove Advisors LLC’s holdings in PepsiCo were worth $685,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HB Wealth Management LLC raised its stake in shares of PepsiCo by 1.6% during the fourth quarter. HB Wealth Management LLC now owns 102,047 shares of the company’s stock valued at $15,517,000 after acquiring an additional 1,617 shares in the last quarter. Financial & Tax Architects LLC raised its position in PepsiCo by 12.6% during the 4th quarter. Financial & Tax Architects LLC now owns 38,417 shares of the company’s stock valued at $5,842,000 after purchasing an additional 4,309 shares in the last quarter. Howard Financial Services LTD. lifted its holdings in shares of PepsiCo by 7.3% in the 4th quarter. Howard Financial Services LTD. now owns 17,247 shares of the company’s stock worth $2,623,000 after buying an additional 1,177 shares during the period. Verity & Verity LLC grew its position in shares of PepsiCo by 4.9% during the 4th quarter. Verity & Verity LLC now owns 64,412 shares of the company’s stock worth $9,794,000 after buying an additional 3,028 shares in the last quarter. Finally, Integrated Investment Consultants LLC raised its holdings in shares of PepsiCo by 212.0% in the fourth quarter. Integrated Investment Consultants LLC now owns 12,101 shares of the company’s stock valued at $1,840,000 after acquiring an additional 8,222 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Up 1.2 %

PEP stock opened at $148.25 on Friday. The company has a market capitalization of $203.40 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54. The firm’s fifty day simple moving average is $155.37 and its 200-day simple moving average is $165.83. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were given a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.66%. PepsiCo’s dividend payout ratio is presently 79.94%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PEP shares. UBS Group cut their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Barclays lowered their target price on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft raised PepsiCo from a “hold” rating to a “buy” rating and upped their price target for the stock from $179.00 to $184.00 in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $178.60.

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.