PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Coston McIsaac & Partners

Coston McIsaac & Partners lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 35,596 shares of the company's stock after selling 3,748 shares during the period. PepsiCo comprises 1.6% of Coston McIsaac & Partners' holdings, making the stock its 18th biggest position. Coston McIsaac & Partners' holdings in PepsiCo were worth $5,411,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Empowered Funds LLC lifted its position in PepsiCo by 9.2% during the third quarter. Empowered Funds LLC now owns 99,785 shares of the company's stock valued at $16,968,000 after acquiring an additional 8,406 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in PepsiCo by 104.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company's stock valued at $259,350,000 after acquiring an additional 870,451 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV lifted its position in PepsiCo by 12.8% during the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company's stock valued at $6,323,000 after acquiring an additional 4,712 shares during the last quarter. Janus Henderson Group PLC increased its stake in PepsiCo by 11.0% during the 3rd quarter. Janus Henderson Group PLC now owns 350,225 shares of the company's stock valued at $59,549,000 after purchasing an additional 34,633 shares in the last quarter. Finally, IHT Wealth Management LLC increased its stake in PepsiCo by 19.3% during the 3rd quarter. IHT Wealth Management LLC now owns 32,267 shares of the company's stock valued at $5,493,000 after purchasing an additional 5,220 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded up $1.53 during midday trading on Thursday, hitting $151.90. The company's stock had a trading volume of 4,669,253 shares, compared to its average volume of 6,660,370. The business's 50 day simple moving average is $153.51 and its 200 day simple moving average is $165.07. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The company has a market cap of $208.41 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41.

PepsiCo Dividend Announcement

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

Analyst Ratings Changes

PEP has been the topic of a number of recent analyst reports. Redburn Atlantic upgraded shares of PepsiCo to a "strong sell" rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. StockNews.com upgraded shares of PepsiCo from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. Barclays cut their price objective on shares of PepsiCo from $183.00 to $158.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, PepsiCo has an average rating of "Hold" and an average target price of $176.73.

About PepsiCo

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.