Diversify Advisory Services LLC Reduces Stake in PepsiCo, Inc. (NASDAQ:PEP)

Diversify Advisory Services LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 56.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,515 shares of the company's stock after selling 10,926 shares during the quarter. Diversify Advisory Services LLC's holdings in PepsiCo were worth $1,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Global Wealth Strategies & Associates lifted its position in shares of PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company's stock valued at $27,000 after buying an additional 59 shares during the last quarter. Cross Staff Investments Inc lifted its holdings in PepsiCo by 0.9% during the 3rd quarter. Cross Staff Investments Inc now owns 7,080 shares of the company's stock worth $1,204,000 after purchasing an additional 60 shares in the last quarter. Paulson Wealth Management Inc. lifted its holdings in PepsiCo by 2.1% during the 3rd quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company's stock worth $508,000 after purchasing an additional 60 shares in the last quarter. LCM Capital Management Inc lifted its holdings in PepsiCo by 0.8% during the 3rd quarter. LCM Capital Management Inc now owns 7,573 shares of the company's stock worth $1,288,000 after purchasing an additional 62 shares in the last quarter. Finally, Demars Financial Group LLC lifted its holdings in PepsiCo by 1.1% during the 3rd quarter. Demars Financial Group LLC now owns 5,721 shares of the company's stock worth $973,000 after purchasing an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Trading Up 0.2 %

PEP traded up $0.30 on Tuesday, hitting $148.55. 7,453,464 shares of the company were exchanged, compared to its average volume of 7,138,204. The firm has a fifty day simple moving average of $155.05 and a two-hundred day simple moving average of $165.76. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The stock has a market capitalization of $203.81 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 2.74 and a beta of 0.54.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were given a dividend of $1.355 per share. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.65%. PepsiCo's payout ratio is 79.94%.

Analyst Ratings Changes

A number of analysts recently issued reports on PEP shares. TD Cowen dropped their price objective on PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Redburn Atlantic upgraded PepsiCo to a "strong sell" rating in a research note on Thursday, October 10th. Royal Bank of Canada decreased their target price on PepsiCo from $177.00 to $176.00 and set a "sector perform" rating on the stock in a research note on Friday, October 4th. Bank of America decreased their target price on PepsiCo from $190.00 to $185.00 and set a "buy" rating on the stock in a research note on Monday, September 30th. Finally, Hsbc Global Res upgraded PepsiCo to a "hold" rating in a research note on Thursday, October 10th. 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. Based on data from MarketBeat, PepsiCo currently has a consensus rating of "Hold" and an average target price of $178.60.

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.