Insight Advisors LLC PA Has $921,000 Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Insight Advisors LLC PA decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,074 shares of the company’s stock after selling 276 shares during the period. Insight Advisors LLC PA’s holdings in PepsiCo were worth $921,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC grew its holdings in shares of PepsiCo by 9.2% in the 3rd quarter. Empowered Funds LLC now owns 99,785 shares of the company’s stock valued at $16,968,000 after buying an additional 8,406 shares during the period. Assenagon Asset Management S.A. boosted its stake in PepsiCo by 104.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company’s stock worth $259,350,000 after purchasing an additional 870,451 shares during the period. Janus Henderson Group PLC boosted its stake in PepsiCo by 11.0% in the 3rd quarter. Janus Henderson Group PLC now owns 350,225 shares of the company’s stock worth $59,549,000 after purchasing an additional 34,633 shares during the period. Hudson Valley Investment Advisors Inc. ADV boosted its stake in PepsiCo by 12.8% in the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company’s stock worth $6,323,000 after purchasing an additional 4,712 shares during the period. Finally, IHT Wealth Management LLC boosted its stake in PepsiCo by 19.3% in the 3rd quarter. IHT Wealth Management LLC now owns 32,267 shares of the company’s stock worth $5,493,000 after purchasing an additional 5,220 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the topic of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. HSBC dropped their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday. Wells Fargo & Company decreased their price target on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Evercore ISI decreased their target price on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $171.76.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $145.66 on Thursday. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The firm has a fifty day simple moving average of $152.49 and a 200 day simple moving average of $164.53. The company has a market capitalization of $199.84 billion, a PE ratio of 21.48, a P/E/G ratio of 2.92 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last posted its quarterly 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 net margin of 10.18% and a return on equity of 57.32%. The business had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same period last year, the company posted $1.78 earnings per share. The business’s quarterly revenue was down .2% on a year-over-year basis. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.72%. PepsiCo’s payout ratio is 79.94%.

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.