PBMares Wealth Management LLC Sells 79 Shares of PepsiCo, Inc. (NASDAQ:PEP)

PBMares Wealth Management LLC lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,827 shares of the company’s stock after selling 79 shares during the period. PBMares Wealth Management LLC’s holdings in PepsiCo were worth $1,190,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in PEP. Highline Wealth Partners LLC acquired a new stake in shares of PepsiCo in the third quarter valued at $28,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo in the 3rd quarter valued at about $31,000. Rakuten Securities Inc. raised its stake in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in shares of PepsiCo during the third quarter worth approximately $44,000. Finally, Global Wealth Strategies & Associates increased its holdings in shares of PepsiCo by 145.3% in the fourth quarter. Global Wealth Strategies & Associates now owns 390 shares of the company’s stock valued at $59,000 after purchasing an additional 231 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. UBS Group dropped their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report on Thursday, October 10th. Finally, Barclays lowered their price target on PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average price target of $176.73.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $150.69 on Friday. 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 firm has a market cap of $206.75 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 2.91 and a beta of 0.54. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The stock’s 50-day moving average is $153.12 and its 200-day moving average is $164.88.

PepsiCo Dividend Announcement

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 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 dividend yield of 3.60%. PepsiCo’s dividend payout ratio is currently 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.