PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by abrdn plc

abrdn plc reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 4.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,591,326 shares of the company’s stock after selling 73,936 shares during the quarter. abrdn plc’s holdings in PepsiCo were worth $240,457,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Trust Point Inc. increased its holdings in PepsiCo by 9.1% in the fourth quarter. Trust Point Inc. now owns 21,271 shares of the company’s stock valued at $3,234,000 after buying an additional 1,774 shares during the last quarter. Alliance Wealth Advisors LLC UT raised its holdings in shares of PepsiCo by 18.0% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 4,975 shares of the company’s stock valued at $757,000 after buying an additional 760 shares during the last quarter. Baltimore Washington Financial Advisors Inc. lifted its position in PepsiCo by 11.4% during the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 1,509 shares of the company’s stock worth $229,000 after acquiring an additional 154 shares during the period. Fourpath Capital Management LLC grew its position in PepsiCo by 5.7% in the 4th quarter. Fourpath Capital Management LLC now owns 30,069 shares of the company’s stock valued at $4,572,000 after buying an additional 1,621 shares during the last quarter. Finally, Optas LLC raised its holdings in PepsiCo by 3.7% during the fourth quarter. Optas LLC now owns 4,062 shares of the company’s stock worth $618,000 after purchasing an additional 145 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

PepsiCo stock opened at $150.27 on Tuesday. 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 12 month low of $141.51 and a 12 month high of $183.41. The company has a market cap of $206.17 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. The stock’s 50-day moving average is $153.12 and its 200-day moving average is $164.85.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s payout ratio is currently 79.94%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. UBS Group reduced their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, January 16th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. TD Cowen cut their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $176.73.

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.