PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by One Charles Private Wealth Services LLC

One Charles Private Wealth Services LLC cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 4.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,951 shares of the company’s stock after selling 90 shares during the quarter. One Charles Private Wealth Services LLC’s holdings in PepsiCo were worth $332,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Talisman Wealth Advisors LLC boosted its position in PepsiCo by 4.6% during the first quarter. Talisman Wealth Advisors LLC now owns 1,557 shares of the company’s stock worth $272,000 after purchasing an additional 68 shares in the last quarter. Beaird Harris Wealth Management LLC raised its stake in shares of PepsiCo by 49.9% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 901 shares of the company’s stock worth $158,000 after buying an additional 300 shares during the period. Mount Yale Investment Advisors LLC lifted its position in shares of PepsiCo by 7.6% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 17,873 shares of the company’s stock valued at $3,128,000 after buying an additional 1,261 shares in the last quarter. QVR LLC acquired a new stake in PepsiCo in the 1st quarter valued at $544,000. Finally, SVB Wealth LLC raised its position in PepsiCo by 57.2% during the first quarter. SVB Wealth LLC now owns 99,069 shares of the company’s stock worth $17,338,000 after acquiring an additional 36,047 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Barclays cut their target price on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $183.92.

PepsiCo Price Performance

PEP stock opened at $162.00 on Friday. PepsiCo, Inc. has a 52-week low of $155.85 and a 52-week high of $183.41. The business has a fifty day moving average of $169.01 and a two-hundred day moving average of $170.98. The stock has a market cap of $222.26 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 2.99 and a beta of 0.53. 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 (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.01. The firm had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.25 EPS. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.35%. The ex-dividend date is Friday, December 6th. PepsiCo’s payout ratio 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.