PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Colton Groome Financial Advisors LLC

Colton Groome Financial Advisors LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 28.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,793 shares of the company's stock after selling 1,880 shares during the period. Colton Groome Financial Advisors LLC's holdings in PepsiCo were worth $729,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. State Street Corp boosted its stake in PepsiCo by 5.1% during the third quarter. State Street Corp now owns 57,268,030 shares of the company's stock worth $9,738,429,000 after buying an additional 2,775,679 shares during the period. Geode Capital Management LLC boosted its holdings in PepsiCo by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 30,497,268 shares of the company's stock valued at $5,170,529,000 after acquiring an additional 543,558 shares during the period. Charles Schwab Investment Management Inc. increased its stake in PepsiCo by 5.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 21,360,850 shares of the company's stock worth $3,632,413,000 after purchasing an additional 1,125,059 shares during the period. Franklin Resources Inc. boosted its stake in shares of 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. Finally, Wellington Management Group LLP lifted its holdings in PepsiCo by 2.7% during the 3rd quarter. Wellington Management Group LLP now owns 12,098,551 shares of the company's stock valued at $2,057,359,000 after buying an additional 313,468 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

NASDAQ PEP traded up $1.53 during mid-day trading on Thursday, hitting $151.90. The stock had a trading volume of 4,669,253 shares, compared to its average volume of 6,660,370. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. 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 firm's 50 day moving average is $153.51 and its 200 day moving average is $165.07. The stock has a market capitalization of $208.41 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 2.86 and a beta of 0.54.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Friday, December 6th. PepsiCo's dividend payout ratio is presently 79.94%.

Analyst Ratings Changes

Several brokerages have issued reports on PEP. Hsbc Global Res upgraded shares of PepsiCo to a "hold" rating in a report on Thursday, October 10th. Piper Sandler began coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price target on the stock. Royal Bank of Canada reissued a "sector perform" rating and set a $172.00 target price on shares of PepsiCo in a research report on Wednesday. JPMorgan Chase & Co. reduced their price target on PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Finally, Redburn Atlantic raised PepsiCo to a "strong sell" rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $176.73.

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.