Arkadios Wealth Advisors Sells 1,978 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Arkadios Wealth Advisors cut its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 12.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 13,387 shares of the company’s stock after selling 1,978 shares during the period. Arkadios Wealth Advisors’ holdings in PepsiCo were worth $2,036,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Pacer Advisors Inc. grew its stake in PepsiCo by 14.1% in the second quarter. Pacer Advisors Inc. now owns 201,035 shares of the company’s stock valued at $33,157,000 after purchasing an additional 24,835 shares in the last quarter. Sei Investments Co. boosted its stake in shares of PepsiCo by 2.8% during the 2nd quarter. Sei Investments Co. now owns 389,241 shares of the company’s stock worth $64,186,000 after acquiring an additional 10,547 shares during the period. Boston Research & Management Inc. boosted its stake in shares of PepsiCo by 2.3% during the 2nd quarter. Boston Research & Management Inc. now owns 32,468 shares of the company’s stock worth $5,355,000 after acquiring an additional 721 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of PepsiCo by 8.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 121,512 shares of the company’s stock worth $20,040,000 after acquiring an additional 9,567 shares during the period. Finally, Capstone Triton Financial Group LLC boosted its stake in shares of PepsiCo by 2.6% during the 2nd quarter. Capstone Triton Financial Group LLC now owns 5,780 shares of the company’s stock worth $953,000 after acquiring an additional 146 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Up 1.2 %

Shares of PEP opened at $148.25 on Friday. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The business’s fifty day moving average is $155.37 and its 200-day moving average is $165.83. 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 has a market cap of $203.40 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 2.57 and a beta of 0.54.

PepsiCo Announces Dividend

The firm 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%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. UBS Group reduced their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday. Bank of America reduced their target price on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. TD Cowen dropped their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, Wells Fargo & Company dropped their price target on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. 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 stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $178.60.

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.