Regent Peak Wealth Advisors LLC Sells 70 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Regent Peak Wealth Advisors LLC lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,159 shares of the company’s stock after selling 70 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in PepsiCo were worth $706,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. DHJJ Financial Advisors Ltd. purchased a new position in PepsiCo in the 3rd quarter valued at approximately $25,000. LFA Lugano Financial Advisors SA grew its stake in PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after buying an additional 70 shares in the last quarter. Pacifica Partners Inc. purchased a new position in PepsiCo in the 3rd quarter valued at approximately $27,000. West Tower Group LLC purchased a new position in PepsiCo in the 2nd quarter valued at approximately $36,000. Finally, Life Planning Partners Inc bought a new position in PepsiCo in the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP stock opened at $171.44 on Wednesday. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88. The company has a market cap of $235.65 billion, a P/E ratio of 26.09, a PEG ratio of 2.71 and a beta of 0.53. The firm has a 50-day moving average of $168.60 and a 200 day moving average of $167.80. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68.

PepsiCo (NASDAQ:PEPGet Free Report) last announced its earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The business had revenue of $27.84 billion during the quarter, compared to the consensus estimate of $28.40 billion. During the same quarter last year, the firm earned $1.67 earnings per share. The business’s revenue for the quarter was down .6% 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 firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio is 77.02%.

Wall Street Analyst Weigh In

Several brokerages have commented on PEP. Barclays raised their price target on shares of PepsiCo from $179.00 to $183.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $180.00 price objective on shares of PepsiCo in a report on Monday, February 12th. JPMorgan Chase & Co. downgraded shares of PepsiCo from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $185.00 to $176.00 in a research note on Tuesday, December 19th. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. Finally, Wedbush reissued an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research note on Friday, February 9th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $187.77.

Check Out Our Latest Stock Report on PepsiCo

PepsiCo Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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