PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Elmwood Wealth Management Inc.

Elmwood Wealth Management Inc. lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,191 shares of the company’s stock after selling 198 shares during the period. Elmwood Wealth Management Inc.’s holdings in PepsiCo were worth $1,733,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of PEP. Centaurus Financial Inc. lifted its holdings in shares of PepsiCo by 13.4% in the 4th quarter. Centaurus Financial Inc. now owns 4,913 shares of the company’s stock valued at $834,000 after buying an additional 581 shares during the period. Scarborough Advisors LLC acquired a new position in PepsiCo in the fourth quarter valued at approximately $103,000. Northwest Bank & Trust Co purchased a new stake in PepsiCo in the 4th quarter worth approximately $78,000. Fortis Group Advisors LLC grew its stake in shares of PepsiCo by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 97 shares during the period. Finally, Twin Focus Capital Partners LLC purchased a new position in shares of PepsiCo during the 4th quarter valued at approximately $201,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 0.1 %

PEP traded down $0.16 during trading hours on Monday, reaching $174.65. The company’s stock had a trading volume of 935,196 shares, compared to its average volume of 5,487,368. The business’s 50-day moving average is $173.52 and its 200-day moving average is $172.07. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.64. The stock has a market cap of $240.11 billion, a PE ratio of 25.40, a P/E/G ratio of 3.11 and a beta of 0.53. PepsiCo, Inc. has a fifty-two week low of $158.03 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The business had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. During the same period in the prior year, the business posted $2.25 EPS. The company’s revenue was down .6% compared to the same quarter last year. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were paid a $1.355 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.10%. PepsiCo’s payout ratio is presently 78.66%.

Analyst Ratings Changes

Several research firms recently commented on PEP. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research report on Thursday. Jefferies Financial Group dropped their target price on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Royal Bank of Canada reduced their price target on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. TD Cowen cut PepsiCo from a “buy” rating to a “hold” rating and cut their price objective for the company from $190.00 to $183.00 in a research report on Thursday. Finally, Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $183.92.

PepsiCo 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.