PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 252,120 shares of the company’s stock after selling 964 shares during the period. PepsiCo accounts for approximately 3.1% of Guyasuta Investment Advisors Inc.’s portfolio, making the stock its 7th biggest holding. Guyasuta Investment Advisors Inc.’s holdings in PepsiCo were worth $42,820,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PEP. Amplius Wealth Advisors LLC boosted its position in shares of PepsiCo by 2.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock valued at $381,000 after purchasing an additional 60 shares in the last quarter. Darwin Wealth Management LLC boosted its holdings in PepsiCo by 2.7% in the third quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock worth $397,000 after acquiring an additional 61 shares in the last quarter. Sugarloaf Wealth Management LLC raised its stake in shares of PepsiCo by 2.6% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after purchasing an additional 61 shares during the last quarter. Capital Investment Counsel Inc raised its stake in shares of PepsiCo by 1.6% in the fourth quarter. Capital Investment Counsel Inc now owns 4,116 shares of the company’s stock worth $699,000 after purchasing an additional 64 shares during the last quarter. Finally, Beacon Financial Advisory LLC raised its stake in shares of PepsiCo by 3.1% in the third quarter. Beacon Financial Advisory LLC now owns 2,135 shares of the company’s stock worth $362,000 after purchasing an additional 65 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Up 0.2 %

PepsiCo stock traded up $0.43 during trading hours on Monday, hitting $176.01. 1,389,829 shares of the stock traded hands, compared to its average volume of 5,800,046. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The firm’s 50-day moving average price is $169.40 and its two-hundred day moving average price is $167.92. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88. The company has a market cap of $241.98 billion, a PE ratio of 26.46, a PEG ratio of 2.86 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.09. The business had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.50 EPS. On average, research analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a dividend of $1.265 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.87%. PepsiCo’s dividend payout ratio is presently 76.09%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PEP shares. Wedbush reaffirmed an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a report on Tuesday, April 23rd. JPMorgan Chase & Co. raised their price target on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $180.00 to $195.00 in a research note on Monday, February 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Finally, StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.42.

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.