TCI Wealth Advisors Inc. Has $2.23 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

TCI Wealth Advisors Inc. lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,678 shares of the company’s stock after selling 301 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in PepsiCo were worth $2,232,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in PEP. Country Trust Bank lifted its stake in shares of PepsiCo by 3.8% in the fourth quarter. Country Trust Bank now owns 136,432 shares of the company’s stock valued at $20,746,000 after buying an additional 5,004 shares during the period. Keudell Morrison Wealth Management lifted its position in shares of PepsiCo by 18.3% in the 4th quarter. Keudell Morrison Wealth Management now owns 4,596 shares of the company’s stock worth $699,000 after acquiring an additional 712 shares during the period. Coastwise Capital Group LLC grew its holdings in shares of PepsiCo by 59.2% during the 4th quarter. Coastwise Capital Group LLC now owns 2,344 shares of the company’s stock worth $356,000 after purchasing an additional 872 shares in the last quarter. Heritage Financial Services LLC raised its stake in shares of PepsiCo by 11.4% in the fourth quarter. Heritage Financial Services LLC now owns 1,423 shares of the company’s stock valued at $216,000 after purchasing an additional 146 shares in the last quarter. Finally, Hartford Financial Management Inc. boosted its stake in PepsiCo by 0.3% during the fourth quarter. Hartford Financial Management Inc. now owns 30,490 shares of the company’s stock worth $4,636,000 after buying an additional 99 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $151.90 on Friday. The firm has a 50 day simple moving average of $153.35 and a 200 day simple moving average of $164.97. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The firm has a market cap of $208.41 billion, a P/E ratio of 22.40, a P/E/G ratio of 2.91 and a beta of 0.54.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PEP. TD Cowen reduced their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Hsbc Global Res raised PepsiCo to a “hold” rating in a research note on Thursday, October 10th. UBS Group dropped their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $172.00 target price on shares of PepsiCo in a research note on Wednesday. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $176.73.

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.