PepsiCo, Inc. (NASDAQ:PEP) Position Reduced by Evermay Wealth Management LLC

Evermay Wealth Management LLC reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,200 shares of the company’s stock after selling 993 shares during the quarter. Evermay Wealth Management LLC’s holdings in PepsiCo were worth $1,563,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Highline Wealth Partners LLC acquired a new stake in PepsiCo during the 3rd quarter worth about $28,000. Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo during the third quarter worth approximately $31,000. Mattson Financial Services LLC purchased a new position in PepsiCo during the second quarter valued at approximately $34,000. Rakuten Securities Inc. lifted its position in PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after buying an additional 96 shares in the last quarter. Finally, ORG Wealth Partners LLC acquired a new stake in shares of PepsiCo during the 3rd quarter valued at $44,000. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on PEP shares. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Hsbc Global Res raised PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Barclays decreased their target price on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Wells Fargo & Company cut their price target on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Redburn Atlantic raised shares of PepsiCo to a “strong sell” 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 given a buy rating to the stock. According to data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $176.73.

PepsiCo Price Performance

PepsiCo stock opened at $150.69 on Friday. The firm has a market cap of $206.75 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 2.91 and a beta of 0.54. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The stock’s fifty day moving average price is $153.12 and its two-hundred day moving average price is $164.88. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid 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 yield of 3.60%. 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.