Wealth Alliance Sells 658 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Wealth Alliance decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.4% in the 4th quarter, HoldingsChannel reports. The fund owned 18,679 shares of the company’s stock after selling 658 shares during the period. Wealth Alliance’s holdings in PepsiCo were worth $3,173,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PEP. Proquility Private Wealth Partners LLC increased its stake in shares of PepsiCo by 1.1% during the 4th quarter. Proquility Private Wealth Partners LLC now owns 5,260 shares of the company’s stock worth $950,000 after purchasing an additional 57 shares during the last quarter. Amplius Wealth Advisors LLC increased its stake in shares of PepsiCo by 2.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after purchasing an additional 60 shares during the last quarter. Darwin Wealth Management LLC increased its stake in shares of PepsiCo by 2.7% during the 3rd quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock worth $397,000 after purchasing an additional 61 shares during the last quarter. Sugarloaf Wealth Management LLC increased its stake in shares of PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after purchasing an additional 61 shares during the last quarter. Finally, Cassia Capital Partners LLC increased its stake in shares of PepsiCo by 1.5% during the 3rd quarter. Cassia Capital Partners LLC now owns 4,143 shares of the company’s stock worth $702,000 after purchasing an additional 63 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 0.7 %

PepsiCo stock traded up $1.21 during trading hours on Tuesday, reaching $168.16. The stock had a trading volume of 2,366,239 shares, compared to its average volume of 5,716,783. The stock has a market cap of $231.14 billion, a PE ratio of 25.61, a PEG ratio of 2.64 and a beta of 0.53. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68. The company has a fifty day simple moving average of $168.70 and a 200-day simple moving average of $167.38.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. The firm had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.67 EPS. Analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a dividend of $1.265 per share. This represents a $5.06 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s payout ratio is currently 77.02%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PEP. Jefferies Financial Group raised their price target on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. JPMorgan Chase & Co. lowered shares of PepsiCo from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $185.00 to $176.00 in a report on Tuesday, December 19th. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and increased their target price for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. Barclays raised their price objective on shares of PepsiCo from $183.00 to $184.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Wedbush restated an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research report on Friday, February 9th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $186.92.

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.