Dakota Wealth Management Decreases Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Dakota Wealth Management trimmed its stake in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 19.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,933 shares of the company’s stock after selling 17,177 shares during the quarter. Dakota Wealth Management’s holdings in PepsiCo were worth $12,056,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. DHJJ Financial Advisors Ltd. bought a new position in shares of PepsiCo in the third quarter worth $25,000. Pacifica Partners Inc. purchased a new position in PepsiCo in the 3rd quarter worth approximately $27,000. LFA Lugano Financial Advisors SA raised its position in shares of PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after buying an additional 70 shares in the last quarter. Life Planning Partners Inc bought a new stake in shares of PepsiCo during the 4th quarter worth $34,000. Finally, Avion Wealth increased its stake in PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after acquiring an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

PEP has been the topic of a number of analyst reports. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. JPMorgan Chase & Co. cut PepsiCo from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $185.00 to $176.00 in a research note on Tuesday, December 19th. Barclays raised their target price on shares of PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday. Jefferies Financial Group increased their price target on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, PepsiCo has an average rating of “Moderate Buy” and an average target price of $186.92.

View Our Latest Analysis on PEP

PepsiCo Stock Performance

Shares of PepsiCo stock traded down $0.60 during trading hours on Monday, reaching $167.50. 1,260,476 shares of the stock traded hands, compared to its average volume of 5,708,517. The company has a 50 day moving average price of $168.78 and a 200 day moving average price of $167.40. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $230.23 billion, a price-to-earnings ratio of 25.68, a P/E/G ratio of 2.64 and a beta of 0.53.

PepsiCo (NASDAQ:PEPGet Free Report) last released its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.06. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The business had revenue of $27.84 billion during the quarter, compared to analyst estimates of $28.40 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. PepsiCo’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities research analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a dividend of $1.265 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 3.02%. PepsiCo’s dividend payout ratio is presently 77.02%.

PepsiCo Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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