YHB Investment Advisors Inc. Cuts Holdings in PepsiCo, Inc. $PEP

YHB Investment Advisors Inc. lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,028 shares of the company’s stock after selling 4,393 shares during the period. YHB Investment Advisors Inc.’s holdings in PepsiCo were worth $6,745,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. JSF Financial LLC grew its holdings in shares of PepsiCo by 3.8% during the 2nd quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock worth $250,000 after purchasing an additional 69 shares during the period. Binnacle Investments Inc lifted its position in PepsiCo by 33.2% during the second quarter. Binnacle Investments Inc now owns 285 shares of the company’s stock valued at $38,000 after buying an additional 71 shares in the last quarter. Dogwood Wealth Management LLC grew its stake in PepsiCo by 15.4% during the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock worth $73,000 after buying an additional 72 shares during the period. Weaver Consulting Group increased its position in shares of PepsiCo by 2.9% in the second quarter. Weaver Consulting Group now owns 2,581 shares of the company’s stock worth $341,000 after acquiring an additional 72 shares in the last quarter. Finally, Joel Isaacson & Co. LLC raised its stake in shares of PepsiCo by 0.5% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock valued at $2,180,000 after acquiring an additional 74 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PEP has been the subject of several recent research reports. Rothschild & Co Redburn increased their price target on PepsiCo from $117.00 to $120.00 and gave the company a “sell” rating in a report on Monday. Citigroup increased their target price on PepsiCo from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday. Jefferies Financial Group raised their target price on PepsiCo from $163.00 to $164.00 and gave the company a “hold” rating in a report on Tuesday, December 9th. Barclays upped their price target on PepsiCo from $142.00 to $144.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 10th. Finally, JPMorgan Chase & Co. upgraded shares of PepsiCo from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $151.00 to $164.00 in a research note on Wednesday, December 10th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $158.75.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $149.37 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $160.15. The business has a 50 day moving average price of $148.04 and a two-hundred day moving average price of $142.74. The firm has a market cap of $204.24 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 5.18 and a beta of 0.42.

PepsiCo (NASDAQ:PEP) last released its earnings results on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same period in the prior year, the business posted $2.31 EPS. The business’s revenue was up 2.7% on a year-over-year basis. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, December 5th. PepsiCo’s dividend payout ratio (DPR) is currently 108.17%.

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.