PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Wealth Advisors of Tampa Bay LLC

Wealth Advisors of Tampa Bay LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 78.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Howard Capital Management Group LLC increased its position in shares of PepsiCo by 2.0% during the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company's stock worth $777,000 after purchasing an additional 90 shares in the last quarter. Janus Henderson Group PLC raised its stake in PepsiCo by 11.0% in the third quarter. Janus Henderson Group PLC now owns 350,225 shares of the company's stock valued at $59,549,000 after buying an additional 34,633 shares during the last quarter. Morse Asset Management Inc acquired a new stake in PepsiCo in the third quarter worth about $996,000. Royal London Asset Management Ltd. grew its stake in shares of PepsiCo by 0.8% during the third quarter. Royal London Asset Management Ltd. now owns 1,100,331 shares of the company's stock worth $187,111,000 after acquiring an additional 9,129 shares during the last quarter. Finally, Quarry LP raised its position in shares of PepsiCo by 15.5% in the 3rd quarter. Quarry LP now owns 1,030 shares of the company's stock valued at $175,000 after purchasing an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

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PepsiCo Price Performance

NASDAQ:PEP traded down $4.76 during trading hours on Friday, reaching $146.61. 12,910,000 shares of the company were exchanged, compared to its average volume of 5,945,353. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The firm has a market cap of $201.05 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The stock's 50-day moving average is $149.33 and its 200-day moving average is $157.07.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly 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 analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo's quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the company posted $1.78 EPS. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.70%. PepsiCo's payout ratio is currently 77.99%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PEP shares. UBS Group cut their price target on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Evercore ISI lowered their price target on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. BNP Paribas cut their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Morgan Stanley decreased their target price on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Finally, HSBC decreased their price objective on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, PepsiCo has a consensus rating of "Hold" and an average target price of $169.88.

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.