PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Cary Street Partners Investment Advisory LLC

Cary Street Partners Investment Advisory LLC decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 85.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,288 shares of the company’s stock after selling 47,812 shares during the period. Cary Street Partners Investment Advisory LLC’s holdings in PepsiCo were worth $1,440,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. LFA Lugano Financial Advisors SA increased its position in shares of PepsiCo by 80.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after acquiring an additional 70 shares in the last quarter. Life Planning Partners Inc bought a new position in PepsiCo during the fourth quarter worth $34,000. Naples Money Management LLC bought a new position in PepsiCo during the fourth quarter worth $36,000. Criterion Capital Advisors LLC bought a new position in PepsiCo during the fourth quarter worth $39,000. Finally, Avion Wealth increased its holdings in PepsiCo by 61.7% in the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after buying an additional 92 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.3 %

PepsiCo stock traded down $0.57 during trading on Tuesday, hitting $175.57. 1,476,444 shares of the company were exchanged, compared to its average volume of 5,769,551. The business’s 50 day moving average is $169.60 and its 200 day moving average is $168.05. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88. The company has a market capitalization of $241.37 billion, a P/E ratio of 26.42, a PEG ratio of 2.86 and a beta of 0.53. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The business had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. During the same quarter in the previous year, the firm earned $1.50 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. Analysts predict that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a $1.265 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a yield of 2.88%. PepsiCo’s dividend payout ratio is currently 76.09%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PEP. Royal Bank of Canada restated a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a research note on Monday, February 12th. JPMorgan Chase & Co. upped their price target on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and increased their target price for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. Finally, Wedbush reissued an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research note on Tuesday, April 23rd. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.42.

PepsiCo Company 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.