PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Moser Wealth Advisors LLC

Moser Wealth Advisors LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,865 shares of the company’s stock after selling 366 shares during the quarter. Moser Wealth Advisors LLC’s holdings in PepsiCo were worth $1,348,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Highline Wealth Partners LLC acquired a new position in shares of PepsiCo during the third quarter worth about $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of PepsiCo during the 3rd quarter valued at about $31,000. Rakuten Securities Inc. lifted its position in PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares in the last quarter. Bay Harbor Wealth Management LLC acquired a new stake in PepsiCo in the fourth quarter valued at approximately $34,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of PepsiCo during the third quarter valued at approximately $44,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

NASDAQ PEP opened at $144.58 on Friday. The stock has a market capitalization of $198.29 billion, a P/E ratio of 20.80, a P/E/G ratio of 2.89 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.70 and a current ratio of 0.82. The business’s fifty day moving average is $151.42 and its two-hundred day moving average is $164.10. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.78 earnings per share. On average, research analysts forecast that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.75%. PepsiCo’s payout ratio is currently 77.99%.

Analysts Set New Price Targets

A number of research firms recently weighed in on PEP. Barclays lowered their price target on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a report on Thursday. UBS Group dropped their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Citigroup reduced their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research report on Friday. Finally, JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus price target of $171.47.

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.