ARS Wealth Advisors Group LLC Sells 824 Shares of PepsiCo, Inc. (NASDAQ:PEP)

ARS Wealth Advisors Group LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,327 shares of the company’s stock after selling 824 shares during the quarter. PepsiCo comprises 2.1% of ARS Wealth Advisors Group LLC’s investment portfolio, making the stock its 19th largest position. ARS Wealth Advisors Group LLC’s holdings in PepsiCo were worth $15,408,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PEP. Global Wealth Strategies & Associates lifted its stake in PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after purchasing an additional 59 shares during the last quarter. Highline Wealth Partners LLC purchased a new position in shares of PepsiCo during the 3rd quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new stake in PepsiCo in the 3rd quarter worth approximately $31,000. Mattson Financial Services LLC purchased a new stake in PepsiCo in the second quarter worth approximately $34,000. Finally, Rakuten Securities Inc. grew its position in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after acquiring an additional 96 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PEP has been the subject of a number of research reports. TD Cowen cut their price objective 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 upgraded shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Piper Sandler started coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price for the company. Wells Fargo & Company dropped their target price on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average price target of $180.64.

PepsiCo Trading Down 0.1 %

NASDAQ:PEP opened at $144.78 on Thursday. The company has a 50-day moving average price of $156.46 and a 200-day moving average price of $166.20. The stock has a market cap of $198.64 billion, a price-to-earnings ratio of 21.35, a P/E/G ratio of 2.57 and a beta of 0.54. The company has a current ratio of 0.89, a quick ratio of 0.70 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 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 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 3.74%. PepsiCo’s 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.