SeaCrest Wealth Management LLC Cuts Position in PepsiCo, Inc. (NASDAQ:PEP)


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SeaCrest Wealth Management LLC trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,578 shares of the company’s stock after selling 797 shares during the period. SeaCrest Wealth Management LLC’s holdings in PepsiCo were worth $3,348,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marietta Wealth Management LLC increased its position in PepsiCo by 3.6% during the 4th quarter. Marietta Wealth Management LLC now owns 29,993 shares of the company’s stock valued at $4,448,000 after buying an additional 1,048 shares in the last quarter. Swedbank grew its stake in PepsiCo by 0.3% during the 4th quarter. Swedbank now owns 1,026,712 shares of the company’s stock valued at $151,245,000 after purchasing an additional 3,143 shares during the last quarter. Blair William & Co. IL grew its stake in PepsiCo by 11.1% during the 4th quarter. Blair William & Co. IL now owns 483,294 shares of the company’s stock valued at $71,672,000 after purchasing an additional 48,307 shares during the last quarter. OmniStar Financial Group Inc. boosted its stake in shares of PepsiCo by 21.4% in the fourth quarter. OmniStar Financial Group Inc. now owns 13,010 shares of the company’s stock worth $1,929,000 after buying an additional 2,293 shares during the last quarter. Finally, CI Investments Inc. boosted its stake in shares of PepsiCo by 2.9% in the fourth quarter. CI Investments Inc. now owns 237,661 shares of the company’s stock worth $35,245,000 after buying an additional 6,661 shares during the last quarter. 69.94% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on the company. Sanford C. Bernstein assumed coverage on PepsiCo in a report on Tuesday, January 19th. They issued an “underperform” rating and a $136.00 price target for the company. Deutsche Bank Aktiengesellschaft increased their target price on PepsiCo from $143.00 to $148.00 and gave the company a “hold” rating in a report on Wednesday, February 3rd. Wells Fargo & Company initiated coverage on PepsiCo in a report on Monday, December 7th. They set an “equal weight” rating and a $157.00 target price for the company. Barclays reissued a “neutral” rating on shares of PepsiCo in a report on Sunday, February 14th. Finally, Zacks Investment Research raised PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a report on Friday, February 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $144.78.

Shares of PepsiCo stock traded down $0.51 during trading on Tuesday, hitting $131.48. 171,249 shares of the company’s stock traded hands, compared to its average volume of 4,864,003. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.93 and a quick ratio of 0.77. The firm’s fifty day moving average price is $139.12 and its 200 day moving average price is $139.92. PepsiCo, Inc. has a twelve month low of $101.42 and a twelve month high of $148.77. The company has a market cap of $181.39 billion, a PE ratio of 26.14, a PEG ratio of 3.63 and a beta of 0.57.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, February 11th. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.02. PepsiCo had a net margin of 10.27% and a return on equity of 56.28%. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 5.51 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 31st. Investors of record on Friday, March 5th will be issued a dividend of $1.0225 per share. This represents a $4.09 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Thursday, March 4th. PepsiCo’s dividend payout ratio is currently 73.96%.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company operates through seven segments: FLNA, QFNA, PBNA, LatAm, Europe, AMESA, and APAC. It offers branded dips, cheese-flavored snacks, and tortillas, as well as corn, potato, and tortilla chips; cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes; beverage concentrates, fountain syrups, and finished goods; ready-to-drink tea, coffee, and juices; and dairy products.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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