Segment Wealth Management LLC Sells 80 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Segment Wealth Management LLC lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,233 shares of the company’s stock after selling 80 shares during the quarter. Segment Wealth Management LLC’s holdings in PepsiCo were worth $1,252,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its stake in PepsiCo by 8.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 121,512 shares of the company’s stock worth $20,040,000 after buying an additional 9,567 shares during the period. Certified Advisory Corp increased its position in shares of PepsiCo by 4.0% during the second quarter. Certified Advisory Corp now owns 2,117 shares of the company’s stock worth $349,000 after acquiring an additional 82 shares during the period. Public Sector Pension Investment Board boosted its holdings in shares of PepsiCo by 73.2% in the second quarter. Public Sector Pension Investment Board now owns 52,836 shares of the company’s stock valued at $8,714,000 after purchasing an additional 22,339 shares during the period. Resources Management Corp CT ADV grew its stake in PepsiCo by 0.7% in the second quarter. Resources Management Corp CT ADV now owns 73,611 shares of the company’s stock worth $12,141,000 after purchasing an additional 521 shares in the last quarter. Finally, Mill Creek Capital Advisors LLC increased its stake in shares of PepsiCo by 7.7% during the second quarter. Mill Creek Capital Advisors LLC now owns 9,252 shares of the company’s stock valued at $1,526,000 after buying an additional 658 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 0.2 %

NASDAQ PEP opened at $148.55 on Wednesday. The stock has a market cap of $203.81 billion, a P/E ratio of 21.91, a P/E/G ratio of 2.74 and a beta of 0.54. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The company has a fifty day simple moving average of $155.05 and a two-hundred day simple moving average of $165.76.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio is presently 79.94%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PEP. Royal Bank of Canada dropped their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday, October 4th. Bank of America reduced their price objective on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Wells Fargo & Company reduced their price target on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo currently has an average rating of “Hold” and an average price target of $178.60.

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.