PepsiCo, Inc. (NASDAQ:PEP) Position Lessened by Proquility Private Wealth Partners LLC

Proquility Private Wealth Partners LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 55.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,374 shares of the company’s stock after selling 4,136 shares during the period. Proquility Private Wealth Partners LLC’s holdings in PepsiCo were worth $513,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Verum Partners LLC lifted its holdings in PepsiCo by 8.8% during the 4th quarter. Verum Partners LLC now owns 1,757 shares of the company’s stock valued at $267,000 after purchasing an additional 142 shares during the last quarter. Octavia Wealth Advisors LLC lifted its stake in PepsiCo by 8.1% in the fourth quarter. Octavia Wealth Advisors LLC now owns 19,425 shares of the company’s stock valued at $2,980,000 after buying an additional 1,448 shares during the period. Commons Capital LLC boosted its stake in PepsiCo by 7.7% during the 4th quarter. Commons Capital LLC now owns 3,421 shares of the company’s stock worth $520,000 after acquiring an additional 244 shares during the last quarter. Roberts Wealth Advisors LLC acquired a new stake in PepsiCo during the 4th quarter worth $298,000. Finally, Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of PepsiCo by 19.1% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 392,044 shares of the company’s stock valued at $59,614,000 after purchasing an additional 62,808 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $148.55 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The firm has a market capitalization of $203.81 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 2.74 and a beta of 0.54. The firm has a 50 day moving average of $155.05 and a 200 day moving average of $165.76.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s payout ratio is presently 79.94%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PEP. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Wells Fargo & Company cut their target price on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. 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 report on Wednesday, January 8th. Piper Sandler began coverage on PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price for the company. Finally, Hsbc Global Res raised PepsiCo to a “hold” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo has a consensus rating of “Hold” and an average target price 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.