GoalVest Advisory LLC Sells 1,211 Shares of PepsiCo, Inc. (NASDAQ:PEP)

GoalVest Advisory LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,086 shares of the company’s stock after selling 1,211 shares during the quarter. GoalVest Advisory LLC’s holdings in PepsiCo were worth $1,382,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Westside Investment Management Inc. raised its position in shares of PepsiCo by 10.8% in the fourth quarter. Westside Investment Management Inc. now owns 2,505 shares of the company’s stock valued at $381,000 after purchasing an additional 244 shares during the period. Phoenix Wealth Advisors grew its stake in PepsiCo by 1.4% in the 4th quarter. Phoenix Wealth Advisors now owns 7,263 shares of the company’s stock valued at $1,104,000 after buying an additional 103 shares during the last quarter. Albion Financial Group UT raised its holdings in PepsiCo by 0.6% in the 4th quarter. Albion Financial Group UT now owns 39,108 shares of the company’s stock valued at $5,947,000 after acquiring an additional 239 shares during the period. Eagle Wealth Strategies LLC boosted its holdings in shares of PepsiCo by 5.3% during the fourth quarter. Eagle Wealth Strategies LLC now owns 2,802 shares of the company’s stock worth $426,000 after acquiring an additional 142 shares during the period. Finally, West Branch Capital LLC grew its position in shares of PepsiCo by 6.5% in the fourth quarter. West Branch Capital LLC now owns 15,871 shares of the company’s stock valued at $2,413,000 after purchasing an additional 970 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PEP has been the subject of several recent research reports. Piper Sandler began coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target for the company. TD Cowen reduced their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price target on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Bank of America decreased their target price on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Finally, Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $178.20.

PepsiCo Stock Down 0.3 %

NASDAQ:PEP opened at $148.09 on Thursday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The firm’s 50 day simple moving average is $154.74 and its 200 day simple moving average is $165.64. The company has a market cap of $203.18 billion, a PE ratio of 21.84, a P/E/G ratio of 2.75 and a beta of 0.54.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.66%. PepsiCo’s payout ratio is 79.94%.

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.