Independent Advisor Alliance Reduces Stake in PepsiCo, Inc. (NASDAQ:PEP)

Independent Advisor Alliance lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,907 shares of the company’s stock after selling 596 shares during the period. Independent Advisor Alliance’s holdings in PepsiCo were worth $16,104,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Collier Financial bought a new stake in PepsiCo in the fourth quarter worth about $28,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $30,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo during the third quarter valued at approximately $31,000. Rakuten Securities Inc. raised its stake in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after buying an additional 96 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC bought a new stake in PepsiCo during the 4th quarter valued at $34,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PepsiCo stock opened at $154.44 on Monday. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The firm has a market capitalization of $211.81 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 3.09 and a beta of 0.52. The company has a fifty day simple moving average of $148.80 and a 200-day simple moving average of $160.76. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the prior year, the firm posted $1.78 earnings per share. PepsiCo’s quarterly revenue was down .2% on a year-over-year basis. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Citigroup decreased their price objective on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. UBS Group cut their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada started coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 price objective on the stock. Finally, CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $172.35.

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.