PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Arkadios Wealth Advisors

Arkadios Wealth Advisors trimmed its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 12.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,387 shares of the company's stock after selling 1,978 shares during the quarter. Arkadios Wealth Advisors' holdings in PepsiCo were worth $2,036,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Global Wealth Strategies & Associates increased its position in PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company's stock worth $27,000 after buying an additional 59 shares during the period. Highline Wealth Partners LLC acquired a new position in shares of PepsiCo in the 3rd quarter valued at $28,000. Legacy Investment Solutions LLC purchased a new stake in PepsiCo in the 3rd quarter valued at $31,000. Mattson Financial Services LLC acquired a new stake in PepsiCo during the 2nd quarter worth $34,000. Finally, Rakuten Securities Inc. grew its position in PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company's stock worth $34,000 after purchasing an additional 96 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Up 1.2 %

PEP traded up $1.71 during trading on Friday, hitting $148.25. The company's stock had a trading volume of 7,213,692 shares, compared to its average volume of 5,895,834. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The firm's 50 day moving average price is $155.37 and its 200-day moving average price is $165.83. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The stock has a market cap of $203.40 billion, a PE ratio of 21.87, a PEG ratio of 2.57 and a beta of 0.54.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Friday, December 6th. PepsiCo's payout ratio is 79.94%.

Wall Street Analyst Weigh In

PEP has been the subject of several recent research reports. Redburn Atlantic upgraded shares of PepsiCo to a "strong sell" rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upgraded PepsiCo from a "hold" rating to a "buy" rating and lifted their target price for the company from $179.00 to $184.00 in a research note on Thursday, December 12th. Barclays decreased their price target on PepsiCo from $183.00 to $158.00 and set an "overweight" rating for the company in a report on Friday. TD Cowen dropped their price objective on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Finally, Piper Sandler started coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $178.60.

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.