Fiduciary Alliance LLC Sells 18,284 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Fiduciary Alliance LLC cut its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 54.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,520 shares of the company’s stock after selling 18,284 shares during the quarter. Fiduciary Alliance LLC’s holdings in PepsiCo were worth $2,360,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Global Wealth Strategies & Associates lifted its holdings in PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares during the period. Highline Wealth Partners LLC purchased a new stake in PepsiCo in the 3rd quarter worth approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in PepsiCo in the 3rd quarter worth approximately $31,000. Mattson Financial Services LLC purchased a new position in shares of PepsiCo in the 2nd quarter valued at approximately $34,000. Finally, Rakuten Securities Inc. lifted its stake in shares of PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. TD Cowen lowered their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada lowered their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft upgraded PepsiCo from a “hold” rating to a “buy” rating and lifted their price objective for the company from $179.00 to $184.00 in a research note on Thursday, December 12th. Barclays lowered their price objective on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Finally, Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $180.64.

PepsiCo Trading Up 0.3 %

Shares of NASDAQ:PEP traded up $0.44 on Monday, hitting $143.08. 1,166,987 shares of the company’s stock were exchanged, compared to its average volume of 6,334,652. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The stock has a market capitalization of $196.30 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 2.94 and a beta of 0.54. The business’s 50 day simple moving average is $157.35 and its two-hundred day simple moving average is $166.50. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a dividend of $1.355 per share. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.79%. PepsiCo’s dividend payout ratio is currently 79.94%.

PepsiCo Profile

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.