Alpha Cubed Investments LLC Trims Position in PepsiCo, Inc. (NASDAQ:PEP)

Alpha Cubed Investments LLC decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 21.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,602 shares of the company’s stock after selling 1,001 shares during the quarter. Alpha Cubed Investments LLC’s holdings in PepsiCo were worth $588,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. City State Bank increased its position in PepsiCo by 6.5% during the third quarter. City State Bank now owns 1,986 shares of the company’s stock worth $324,000 after purchasing an additional 122 shares during the last quarter. Aries Wealth Management acquired a new stake in shares of PepsiCo in the second quarter worth $2,622,000. Mcrae Capital Management Inc. increased its position in shares of PepsiCo by 1.3% in the second quarter. Mcrae Capital Management Inc. now owns 11,967 shares of the company’s stock worth $1,994,000 after acquiring an additional 156 shares in the last quarter. Hixon Zuercher LLC increased its position in shares of PepsiCo by 4.6% in the third quarter. Hixon Zuercher LLC now owns 26,730 shares of the company’s stock worth $4,364,000 after acquiring an additional 1,168 shares in the last quarter. Finally, Mission Wealth Management LP increased its position in shares of PepsiCo by 6.7% in the second quarter. Mission Wealth Management LP now owns 21,376 shares of the company’s stock worth $3,563,000 after acquiring an additional 1,343 shares in the last quarter. Hedge funds and other institutional investors own 70.76% of the company’s stock.

PepsiCo Trading Up 0.1 %

NASDAQ PEP opened at $169.88 on Monday. PepsiCo, Inc. has a 12 month low of $153.37 and a 12 month high of $186.84. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.92 and a quick ratio of 0.72. The company has a market capitalization of $234.05 billion, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 3.04 and a beta of 0.57. The company’s fifty day moving average price is $180.62 and its two-hundred day moving average price is $176.09.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 6th. Shareholders of record on Friday, December 2nd were paid a dividend of $1.15 per share. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $4.60 dividend on an annualized basis and a yield of 2.71%. PepsiCo’s dividend payout ratio (DPR) is 65.81%.

Insider Buying and Selling at PepsiCo

In other PepsiCo news, SVP Marie T. Gallagher sold 5,558 shares of the stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $180.01, for a total transaction of $1,000,495.58. Following the transaction, the senior vice president now directly owns 41,195 shares in the company, valued at approximately $7,415,511.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other PepsiCo news, SVP Marie T. Gallagher sold 5,558 shares of the stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $180.01, for a total transaction of $1,000,495.58. Following the transaction, the senior vice president now directly owns 41,195 shares in the company, valued at approximately $7,415,511.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Paula Santilli sold 2,787 shares of the stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $179.63, for a total transaction of $500,628.81. Following the transaction, the chief executive officer now owns 59,997 shares in the company, valued at $10,777,261.11. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PEP shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of PepsiCo from $181.00 to $186.00 and gave the stock a “hold” rating in a research report on Tuesday, December 6th. Credit Suisse Group dropped their price objective on shares of PepsiCo from $173.00 to $172.00 and set a “neutral” rating for the company in a research report on Monday, October 3rd. StockNews.com raised shares of PepsiCo from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 20th. Wells Fargo & Company increased their price objective on shares of PepsiCo from $174.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 3rd. Finally, Wedbush upped their target price on shares of PepsiCo from $185.00 to $190.00 in a research note on Thursday, October 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $183.36.

PepsiCo Profile

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PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. It operates through the following business segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC).