Gardiner Nancy B Sells 100 Shares of PepsiCo, Inc. (NASDAQ:PEP)

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Gardiner Nancy B reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,175 shares of the company’s stock after selling 100 shares during the period. Gardiner Nancy B’s holdings in PepsiCo were worth $708,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Bernardo Wealth Planning LLC grew its stake in shares of PepsiCo by 4.6% in the 2nd quarter. Bernardo Wealth Planning LLC now owns 5,425 shares of the company’s stock worth $711,000 after acquiring an additional 238 shares in the last quarter. Circle Wealth Management LLC raised its holdings in shares of PepsiCo by 44.1% in the second quarter. Circle Wealth Management LLC now owns 3,326 shares of the company’s stock valued at $436,000 after purchasing an additional 1,018 shares during the last quarter. Gladstone Institutional Advisory LLC lifted its position in shares of PepsiCo by 115.4% during the second quarter. Gladstone Institutional Advisory LLC now owns 3,937 shares of the company’s stock valued at $516,000 after purchasing an additional 2,109 shares in the last quarter. First Foundation Advisors lifted its position in shares of PepsiCo by 1.6% during the second quarter. First Foundation Advisors now owns 10,667 shares of the company’s stock valued at $1,399,000 after purchasing an additional 166 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of PepsiCo by 19.0% during the second quarter. Assetmark Inc. now owns 5,417 shares of the company’s stock valued at $710,000 after purchasing an additional 864 shares in the last quarter. Hedge funds and other institutional investors own 71.14% of the company’s stock.

Shares of PEP stock opened at $139.20 on Thursday. The company has a 50 day moving average of $136.51 and a 200-day moving average of $134.57. The company has a quick ratio of 0.77, a current ratio of 0.95 and a debt-to-equity ratio of 2.08. PepsiCo, Inc. has a 12-month low of $107.70 and a 12-month high of $140.45. The firm has a market cap of $190.83 billion, a P/E ratio of 24.59, a PEG ratio of 3.30 and a beta of 0.53.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 6th were issued a $0.955 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.74%. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.

PEP has been the subject of a number of recent analyst reports. Citigroup upped their price objective on shares of PepsiCo from $139.00 to $143.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. set a $154.00 target price on shares of PepsiCo and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Evercore ISI restated a “hold” rating on shares of PepsiCo in a research note on Sunday, December 15th. Deutsche Bank upped their target price on PepsiCo from $141.00 to $142.00 and gave the company a “hold” rating in a report on Tuesday, September 24th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $133.00 price target (up from $128.00) on shares of PepsiCo in a research report on Friday, October 4th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $135.53.

PepsiCo 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.

See Also: Roth IRA

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP).

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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