Goldstein Advisors LLC Sells 76 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Goldstein Advisors LLC lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.7% in the fourth quarter, HoldingsChannel reports. The fund owned 2,791 shares of the company’s stock after selling 76 shares during the period. Goldstein Advisors LLC’s holdings in PepsiCo were worth $424,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fred Alger Management LLC boosted its position in PepsiCo by 5.6% in the second quarter. Fred Alger Management LLC now owns 49,842 shares of the company’s stock valued at $8,220,000 after buying an additional 2,651 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of PepsiCo in the second quarter worth approximately $223,000. Ameriprise Financial Inc. boosted its position in shares of PepsiCo by 1.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,130,517 shares of the company’s stock valued at $846,030,000 after purchasing an additional 57,322 shares in the last quarter. Elgethun Capital Management grew its position in shares of PepsiCo by 0.9% during the 2nd quarter. Elgethun Capital Management now owns 6,977 shares of the company’s stock worth $1,151,000 after buying an additional 63 shares during the period. Finally, Drucker Wealth 3.0 LLC bought a new stake in PepsiCo in the 2nd quarter valued at about $537,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Up 0.4 %

Shares of PepsiCo stock opened at $148.62 on Friday. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. 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 has a market cap of $203.91 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54. The firm has a fifty day moving average price of $154.40 and a 200 day moving average price of $165.52.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were issued a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.65%. PepsiCo’s payout ratio is currently 79.94%.

Analysts Set New Price Targets

Several analysts have recently commented on PEP shares. Royal Bank of Canada lowered their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Bank of America reduced their price target on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Finally, TD Cowen lowered 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $178.20.

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.