Trueblood Wealth Management LLC Cuts Position in PepsiCo, Inc. (NASDAQ:PEP)

Trueblood Wealth Management LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,356 shares of the company’s stock after selling 269 shares during the quarter. Trueblood Wealth Management LLC’s holdings in PepsiCo were worth $814,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Lincoln Capital LLC boosted its position in PepsiCo by 0.4% in the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock valued at $2,556,000 after buying an additional 70 shares during the last quarter. Pine Haven Investment Counsel Inc raised its holdings in PepsiCo by 1.2% in the fourth quarter. Pine Haven Investment Counsel Inc now owns 9,486 shares of the company’s stock valued at $1,442,000 after acquiring an additional 115 shares in the last quarter. Diversify Wealth Management LLC grew its holdings in PepsiCo by 61.1% during the 4th quarter. Diversify Wealth Management LLC now owns 35,395 shares of the company’s stock worth $5,049,000 after acquiring an additional 13,423 shares in the last quarter. LVW Advisors LLC raised its stake in shares of PepsiCo by 6.5% in the 4th quarter. LVW Advisors LLC now owns 19,236 shares of the company’s stock valued at $2,925,000 after purchasing an additional 1,178 shares in the last quarter. Finally, Eldred Rock Partners LLC lifted its position in shares of PepsiCo by 0.5% during the fourth quarter. Eldred Rock Partners LLC now owns 64,462 shares of the company’s stock worth $9,793,000 after purchasing an additional 291 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the subject of a number of research analyst reports. UBS Group lowered their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised PepsiCo from a “hold” rating to a “buy” rating and increased their price target for the stock from $179.00 to $184.00 in a research note on Thursday, December 12th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, Piper Sandler initiated coverage on PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target for the company. One 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $178.60.

PepsiCo Trading Up 1.2 %

Shares of NASDAQ PEP opened at $148.25 on Monday. The business has a 50-day moving average price of $155.37 and a two-hundred day moving average price of $165.86. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $203.40 billion, a PE ratio of 21.87, a PEG ratio of 2.57 and a beta of 0.54. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.66%. PepsiCo’s dividend payout ratio is presently 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.