PepsiCo, Inc. $PEP Shares Sold by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 8.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,028 shares of the company’s stock after selling 4,393 shares during the quarter. YHB Investment Advisors Inc.’s holdings in PepsiCo were worth $6,745,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. acquired a new stake in shares of PepsiCo during the first quarter worth $25,000. Evolution Wealth Management Inc. acquired a new position in shares of PepsiCo in the 2nd quarter valued at about $27,000. Legend Financial Advisors Inc. bought a new stake in shares of PepsiCo during the 2nd quarter valued at about $29,000. Vermillion & White Wealth Management Group LLC raised its stake in PepsiCo by 107.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after acquiring an additional 121 shares during the period. Finally, Frazier Financial Advisors LLC lifted its holdings in PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after acquiring an additional 122 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PEP. Royal Bank Of Canada dropped their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research report on Monday, September 15th. Rothschild & Co Redburn upped their price objective on PepsiCo from $117.00 to $120.00 and gave the stock a “sell” rating in a research note on Monday. Wall Street Zen upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. DZ Bank raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a report on Tuesday, October 21st. Finally, Loop Capital set a $164.00 price objective on shares of PepsiCo in a report on Thursday, October 23rd. Eight investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $158.75.

PepsiCo Trading Down 0.5%

NASDAQ:PEP opened at $149.37 on Friday. The stock has a market cap of $204.24 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 5.18 and a beta of 0.42. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $160.15. The business has a fifty day moving average of $148.04 and a 200-day moving average of $142.74.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The business had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.31 earnings per share. Equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th will be issued a $1.4225 dividend. The ex-dividend date is Friday, December 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. PepsiCo’s dividend payout ratio (DPR) is 108.17%.

PepsiCo Company 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.