PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Puzo Michael J

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Puzo Michael J lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 23,513 shares of the company’s stock after selling 575 shares during the quarter. Puzo Michael J’s holdings in PepsiCo were worth $3,215,000 at the end of the most recent reporting period.

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

PEP stock opened at $139.20 on Thursday. The firm has a market cap of $190.83 billion, a PE ratio of 24.59, a PEG ratio of 3.30 and a beta of 0.53. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.77 and a current ratio of 0.95. The firm’s 50 day moving average price is $136.51 and its 200-day moving average price is $134.57. PepsiCo, Inc. has a one year low of $107.70 and a one year high of $140.45.

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

A number of research firms recently weighed in on PEP. ValuEngine lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Guggenheim set a $130.00 price objective on shares of PepsiCo and gave the company a “hold” rating in a report on Thursday, September 26th. BidaskClub lowered shares of PepsiCo from a “sell” rating to a “strong sell” rating in a research note on Friday, January 10th. Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Finally, Credit Suisse Group upped their price target on PepsiCo from $117.00 to $126.00 and gave the company an “underperform” rating in a research report on Friday, October 4th. Two research 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 has a consensus rating of “Hold” and an average target price 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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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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