Reliant Investment Management LLC Decreases Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Reliant Investment Management LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 61.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,002 shares of the company's stock after selling 18,871 shares during the quarter. Reliant Investment Management LLC's holdings in PepsiCo were worth $1,825,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sei Investments Co. lifted its stake in PepsiCo by 2.8% during the second quarter. Sei Investments Co. now owns 389,241 shares of the company's stock worth $64,186,000 after purchasing an additional 10,547 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of PepsiCo by 8.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 121,512 shares of the company's stock worth $20,040,000 after buying an additional 9,567 shares during the last quarter. Epoch Investment Partners Inc. boosted its stake in PepsiCo by 7.4% in the second quarter. Epoch Investment Partners Inc. now owns 344,176 shares of the company's stock valued at $56,765,000 after buying an additional 23,703 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in PepsiCo by 7.3% during the second quarter. EverSource Wealth Advisors LLC now owns 8,979 shares of the company's stock worth $1,551,000 after acquiring an additional 608 shares in the last quarter. Finally, Certified Advisory Corp lifted its holdings in shares of PepsiCo by 4.0% in the second quarter. Certified Advisory Corp now owns 2,117 shares of the company's stock worth $349,000 after acquiring an additional 82 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Up 0.2 %

Shares of PEP traded up $0.30 during trading hours on Tuesday, reaching $148.55. 7,453,464 shares of the company traded hands, compared to its average volume of 7,138,204. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The company has a market capitalization of $203.81 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 2.74 and a beta of 0.54. The company's fifty day moving average price is $155.05 and its two-hundred day moving average price is $165.76. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96.

PepsiCo Announces Dividend

The business 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. This represents a $5.42 annualized dividend and a yield of 3.65%. The ex-dividend date was Friday, December 6th. PepsiCo's dividend payout ratio (DPR) is 79.94%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PEP shares. JPMorgan Chase & Co. decreased their price objective on PepsiCo from $185.00 to $183.00 and set a "neutral" rating for the company in a report on Wednesday, October 9th. Wells Fargo & Company cut their price target on shares of PepsiCo from $170.00 to $155.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. TD Cowen lowered their price objective on PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Hsbc Global Res raised PepsiCo to a "hold" rating in a research note on Thursday, October 10th. Finally, StockNews.com raised PepsiCo from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. One research 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target 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.