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

Gibson Wealth Advisors LLC reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 21.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,050 shares of the company’s stock after selling 1,652 shares during the period. PepsiCo accounts for approximately 0.8% of Gibson Wealth Advisors LLC’s investment portfolio, making the stock its 15th largest holding. Gibson Wealth Advisors LLC’s holdings in PepsiCo were worth $920,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PEP. Tcfg Wealth Management LLC raised its position in shares of PepsiCo by 3.5% in the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after buying an additional 66 shares during the period. Lincoln Capital LLC increased its stake in PepsiCo by 0.4% during the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock worth $2,556,000 after acquiring an additional 70 shares during the last quarter. Marshall Financial Group LLC lifted its stake in shares of PepsiCo by 2.3% in the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company’s stock valued at $476,000 after purchasing an additional 70 shares in the last quarter. Osprey Private Wealth LLC grew its holdings in shares of PepsiCo by 0.5% during the 4th quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company’s stock worth $2,290,000 after purchasing an additional 70 shares during the period. Finally, TAGStone Capital Inc. increased its position in PepsiCo by 2.8% during the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company’s stock worth $388,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $140.09 on Thursday. The stock has a market capitalization of $192.11 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a one year low of $138.33 and a one year high of $183.41. The company’s 50-day simple moving average is $148.25 and its 200-day simple moving average is $155.32. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter last year, the business posted $1.78 EPS. PepsiCo’s quarterly revenue was down .2% compared to the same quarter last year. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.87%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Analysts Set New Price Targets

Several research firms have issued reports on PEP. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. UBS Group decreased their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Bank of America reiterated a “neutral” rating and set a $155.00 target price (down from $185.00) on shares of PepsiCo in a report on Tuesday. Finally, Wells Fargo & Company lowered their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, PepsiCo has an average rating of “Hold” and an average price target of $168.12.

PepsiCo Company 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.