KCS Wealth Advisory Trims Position in PepsiCo, Inc. (NASDAQ:PEP)

KCS Wealth Advisory lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 26.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,593 shares of the company’s stock after selling 577 shares during the quarter. KCS Wealth Advisory’s holdings in PepsiCo were worth $218,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Nuveen Asset Management LLC increased its holdings in shares of PepsiCo by 9,617.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 9,770,327 shares of the company’s stock worth $1,281,183,000 after buying an additional 9,669,780 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of PepsiCo by 20.8% during the 2nd quarter. California Public Employees Retirement System now owns 8,887,074 shares of the company’s stock worth $1,165,362,000 after buying an additional 1,528,887 shares during the last quarter. BlackRock Inc. increased its holdings in shares of PepsiCo by 1.4% during the 2nd quarter. BlackRock Inc. now owns 102,361,480 shares of the company’s stock worth $13,422,659,000 after buying an additional 1,413,723 shares during the last quarter. USS Investment Management Ltd acquired a new stake in shares of PepsiCo during the 3rd quarter worth $180,697,000. Finally, Point72 Asset Management L.P. increased its holdings in shares of PepsiCo by 1,981.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,037,551 shares of the company’s stock worth $142,248,000 after buying an additional 987,705 shares during the last quarter. 71.14% of the stock is currently owned by institutional investors.

Shares of PepsiCo stock opened at $139.20 on Thursday. The business has a 50-day moving average of $136.51 and a 200-day moving average of $134.57. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.95 and a quick ratio of 0.77. The company has a market capitalization of $190.83 billion, a PE ratio of 24.59, a P/E/G ratio of 3.30 and a beta of 0.53. PepsiCo, Inc. has a 1-year low of $107.70 and a 1-year high of $140.45.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 6th were paid a dividend of $0.955 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $3.82 annualized dividend and a dividend yield of 2.74%. PepsiCo’s dividend payout ratio is presently 67.49%.

Several analysts recently issued reports on the company. Citigroup increased their price target on PepsiCo from $139.00 to $143.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Deutsche Bank increased their price target on PepsiCo from $141.00 to $142.00 and gave the company a “hold” rating in a report on Tuesday, September 24th. BMO Capital Markets reiterated a “market perform” rating and issued a $133.00 price target (up from $128.00) on shares of PepsiCo in a report on Friday, October 4th. Evercore ISI reiterated a “hold” rating on shares of PepsiCo in a report on Sunday, December 15th. Finally, Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $135.53.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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