PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 17.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,799 shares of the company's stock after selling 19,553 shares during the period. Atria Wealth Solutions Inc.'s holdings in PepsiCo were worth $14,201,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PEP. International Assets Investment Management LLC lifted its position in PepsiCo by 17,113.0% during the third quarter. International Assets Investment Management LLC now owns 3,220,385 shares of the company's stock valued at $547,626,000 after purchasing an additional 3,201,676 shares during the period. State Street Corp lifted its position in PepsiCo by 5.1% during the third quarter. State Street Corp now owns 57,268,030 shares of the company's stock valued at $9,738,429,000 after purchasing an additional 2,775,679 shares during the period. Franklin Resources Inc. lifted its position in PepsiCo by 21.1% during the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock valued at $2,293,049,000 after purchasing an additional 2,264,445 shares during the period. Swedbank AB lifted its position in PepsiCo by 211.4% during the third quarter. Swedbank AB now owns 2,345,467 shares of the company's stock valued at $398,847,000 after purchasing an additional 1,592,343 shares during the period. Finally, Van ECK Associates Corp lifted its position in PepsiCo by 360.0% during the fourth quarter. Van ECK Associates Corp now owns 1,697,742 shares of the company's stock valued at $258,158,000 after purchasing an additional 1,328,672 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Up 3.0 %

NASDAQ:PEP traded up $4.40 on Friday, hitting $153.50. The stock had a trading volume of 10,586,982 shares, compared to its average volume of 6,999,466. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The stock has a market cap of $210.53 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 3.02 and a beta of 0.54. The company has a fifty day moving average price of $148.75 and a two-hundred day moving average price of $162.39. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo's revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business posted $1.78 EPS. Equities research analysts expect that PepsiCo, Inc. will post 8.31 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.53%. PepsiCo's dividend payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PEP. HSBC cut their price objective on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. StockNews.com cut shares of PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Evercore ISI cut their target price on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Citigroup cut their target price on shares of PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. Finally, UBS Group cut their target price on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $171.47.

PepsiCo Company 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.