Wade Financial Advisory Inc Sells 100 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Wade Financial Advisory Inc lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,374 shares of the company’s stock after selling 100 shares during the quarter. Wade Financial Advisory Inc’s holdings in PepsiCo were worth $209,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Scientech Research LLC purchased a new position in shares of PepsiCo in the second quarter worth about $325,000. Invst LLC boosted its holdings in PepsiCo by 28.1% in the 2nd quarter. Invst LLC now owns 2,870 shares of the company’s stock worth $467,000 after buying an additional 630 shares during the period. Quarry LP grew its stake in PepsiCo by 409.7% in the 2nd quarter. Quarry LP now owns 892 shares of the company’s stock valued at $147,000 after buying an additional 717 shares in the last quarter. Pathway Financial Advisers LLC raised its holdings in PepsiCo by 2.1% during the 2nd quarter. Pathway Financial Advisers LLC now owns 34,685 shares of the company’s stock valued at $5,692,000 after acquiring an additional 720 shares during the period. Finally, Granite Bay Wealth Management LLC lifted its position in shares of PepsiCo by 9.3% during the second quarter. Granite Bay Wealth Management LLC now owns 25,676 shares of the company’s stock worth $4,235,000 after acquiring an additional 2,187 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $150.25 on Wednesday. The stock has a market cap of $206.14 billion, a PE ratio of 22.16, a PEG ratio of 2.86 and a beta of 0.54. The company’s fifty day moving average is $153.68 and its 200 day moving average is $165.17. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.61%. PepsiCo’s dividend payout ratio (DPR) is currently 79.94%.

Analyst Ratings Changes

Several brokerages have recently weighed in on PEP. Barclays reduced their price target on PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Wells Fargo & Company lowered their price target on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Finally, UBS Group reduced their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, PepsiCo presently has an average rating of “Hold” and an average target price of $177.00.

PepsiCo Company 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.