XML Financial LLC Sells 91 Shares of PepsiCo, Inc. (NASDAQ:PEP)

XML Financial LLC cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,161 shares of the company’s stock after selling 91 shares during the period. XML Financial LLC’s holdings in PepsiCo were worth $2,153,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Global Wealth Strategies & Associates raised its position in shares of PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after purchasing an additional 59 shares during the period. Highline Wealth Partners LLC bought a new stake in PepsiCo during the third quarter valued at about $28,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo in the third quarter valued at about $31,000. Mattson Financial Services LLC purchased a new stake in shares of PepsiCo during the second quarter worth about $34,000. Finally, Rakuten Securities Inc. raised its stake in PepsiCo by 93.2% during 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. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PEP. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. UBS Group reduced their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Piper Sandler began coverage on shares of PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. Wells Fargo & Company reduced their target price on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $178.60.

PepsiCo Stock Up 0.2 %

Shares of PepsiCo stock opened at $148.55 on Wednesday. The company has a market cap of $203.81 billion, a P/E ratio of 21.91, a PEG ratio of 2.74 and a beta of 0.54. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The firm’s 50 day moving average price is $155.05 and its 200-day moving average price is $165.76.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were issued 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 3.65%. PepsiCo’s dividend payout ratio (DPR) is currently 79.94%.

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.