Wealth Advisors of Tampa Bay LLC Reduces Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Wealth Advisors of Tampa Bay LLC lowered its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 78.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,420 shares of the company's stock after selling 5,160 shares during the period. Wealth Advisors of Tampa Bay LLC's holdings in PepsiCo were worth $216,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PEP. Collier Financial acquired a new position in shares of PepsiCo during the fourth quarter worth $28,000. WealthTrak Capital Management LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $30,000. Prudent Man Investment Management Inc. bought a new position in shares of PepsiCo during the fourth quarter worth about $30,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo in the third quarter worth approximately $31,000. Institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Wells Fargo & Company lowered their price target on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Evercore ISI dropped their target price on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. TD Cowen decreased their price target on PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. StockNews.com downgraded PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, BNP Paribas dropped their price target on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $169.88.

PepsiCo Stock Performance

Shares of PepsiCo stock traded up $0.39 during trading hours on Tuesday, hitting $143.58. 2,813,384 shares of the company's stock traded hands, compared to its average volume of 5,967,516. The company has a fifty day simple moving average of $149.10 and a 200-day simple moving average of $156.72. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a market capitalization of $196.89 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 12-month low of $140.67 and a 12-month high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analysts' expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company's quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the company earned $1.78 earnings per share. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.77%. PepsiCo's payout ratio is presently 77.99%.

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.