Valeo Financial Advisors LLC Decreases Stock Holdings in PepsiCo, Inc. $PEP

Valeo Financial Advisors LLC reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 12.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,188 shares of the company’s stock after selling 8,674 shares during the period. Valeo Financial Advisors LLC’s holdings in PepsiCo were worth $8,312,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in PEP. Norges Bank bought a new stake in shares of PepsiCo in the 2nd quarter valued at approximately $2,330,594,000. Laurel Wealth Advisors LLC boosted its stake in PepsiCo by 14,420.2% during the second quarter. Laurel Wealth Advisors LLC now owns 3,890,688 shares of the company’s stock worth $513,726,000 after buying an additional 3,863,893 shares during the period. Charles Schwab Investment Management Inc. increased its position in PepsiCo by 9.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company’s stock valued at $3,833,406,000 after acquiring an additional 2,556,163 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of PepsiCo by 19.5% in the second quarter. Franklin Resources Inc. now owns 15,577,073 shares of the company’s stock valued at $2,056,797,000 after acquiring an additional 2,541,455 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of PepsiCo by 112.6% during the 2nd quarter. First Trust Advisors LP now owns 4,040,079 shares of the company’s stock worth $533,452,000 after purchasing an additional 2,139,847 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. DZ Bank raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a research note on Tuesday, October 21st. Wall Street Zen cut PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Rothschild & Co Redburn increased their target price on PepsiCo from $117.00 to $120.00 and gave the stock a “sell” rating in a research note on Monday, December 15th. Wells Fargo & Company boosted their target price on shares of PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Finally, Barclays set a $148.00 price target on shares of PepsiCo in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $159.29.

PepsiCo Trading Up 2.0%

NASDAQ PEP opened at $148.78 on Wednesday. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $160.15. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The company has a market capitalization of $203.43 billion, a price-to-earnings ratio of 28.29, a price-to-earnings-growth ratio of 4.78 and a beta of 0.42. The company’s 50-day simple moving average is $145.71 and its two-hundred day simple moving average is $145.28.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th were given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, December 5th. PepsiCo’s dividend payout ratio (DPR) is 108.17%.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.