Graves Light Lenhart Wealth Inc. Sells 89 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Graves Light Lenhart Wealth Inc. decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,669 shares of the company’s stock after selling 89 shares during the period. Graves Light Lenhart Wealth Inc.’s holdings in PepsiCo were worth $1,166,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Thompson Siegel & Walmsley LLC raised its stake in PepsiCo by 22.2% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 63,476 shares of the company’s stock worth $10,469,000 after buying an additional 11,525 shares during the period. Brown Brothers Harriman & Co. raised its position in shares of PepsiCo by 3.1% during the second quarter. Brown Brothers Harriman & Co. now owns 186,803 shares of the company’s stock worth $30,809,000 after purchasing an additional 5,682 shares during the period. Fairfield Financial Advisors LTD bought a new position in shares of PepsiCo during the 2nd quarter valued at about $213,000. Abound Wealth Management grew its position in shares of PepsiCo by 40.2% in the 2nd quarter. Abound Wealth Management now owns 593 shares of the company’s stock valued at $98,000 after purchasing an additional 170 shares during the period. Finally, Capital Wealth Planning LLC increased its stake in PepsiCo by 11.0% during the 2nd quarter. Capital Wealth Planning LLC now owns 4,595 shares of the company’s stock worth $758,000 after purchasing an additional 456 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 1.3 %

Shares of PepsiCo stock opened at $144.50 on Tuesday. The firm’s 50-day moving average price is $156.92 and its two-hundred day moving average price is $166.35. The company has a market capitalization of $198.25 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 2.94 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.89 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.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were given a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.75%. PepsiCo’s dividend payout ratio is currently 79.94%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PEP shares. TD Cowen dropped their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded PepsiCo from a “hold” rating to a “buy” rating and boosted their price target for the company from $179.00 to $184.00 in a report on Thursday, December 12th. Barclays decreased their price objective on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Wells Fargo & Company cut their target price on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average price target of $180.64.

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.