PepsiCo, Inc. (NASDAQ:PEP) Stake Lowered by Dakota Wealth Management

Dakota Wealth Management reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,536 shares of the company’s stock after selling 5,979 shares during the period. Dakota Wealth Management’s holdings in PepsiCo were worth $12,405,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PEP. Nisa Investment Advisors LLC boosted its holdings in PepsiCo by 137.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 985,435 shares of the company’s stock worth $150,959,000 after purchasing an additional 570,237 shares in the last quarter. Traphagen Investment Advisors LLC boosted its holdings in PepsiCo by 13.9% in the fourth quarter. Traphagen Investment Advisors LLC now owns 5,704 shares of the company’s stock worth $867,000 after purchasing an additional 696 shares in the last quarter. Sheets Smith Wealth Management boosted its holdings in PepsiCo by 1.2% in the fourth quarter. Sheets Smith Wealth Management now owns 57,773 shares of the company’s stock worth $8,785,000 after purchasing an additional 703 shares in the last quarter. Beaumont Financial Advisors LLC boosted its holdings in PepsiCo by 0.7% in the fourth quarter. Beaumont Financial Advisors LLC now owns 92,937 shares of the company’s stock worth $14,132,000 after purchasing an additional 624 shares in the last quarter. Finally, Verum Partners LLC boosted its holdings in PepsiCo by 8.8% in the fourth quarter. Verum Partners LLC now owns 1,757 shares of the company’s stock worth $267,000 after purchasing an additional 142 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PEP shares. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Royal Bank of Canada decreased their price target on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. Barclays decreased their price target on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a report on Friday, January 17th. UBS Group cut their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Finally, Bank of America cut their price objective on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, September 30th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $178.60.

PepsiCo Price Performance

Shares of PEP stock opened at $148.55 on Wednesday. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The stock has a market cap of $203.81 billion, a PE ratio of 21.91, a PEG ratio of 2.74 and a beta of 0.54. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The firm’s 50 day moving average price is $155.05 and its two-hundred day moving average price is $165.76.

PepsiCo Dividend Announcement

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

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.