Nordwand Advisors LLC Sells 4,130 Shares of PepsiCo, Inc. $PEP

Nordwand Advisors LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 46.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,823 shares of the company’s stock after selling 4,130 shares during the period. Nordwand Advisors LLC’s holdings in PepsiCo were worth $677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of PepsiCo by 1.3% in the second quarter. Vanguard Group Inc. now owns 136,936,037 shares of the company’s stock worth $18,081,034,000 after buying an additional 1,761,785 shares during the period. State Street Corp increased its holdings in PepsiCo by 1.6% in the 2nd quarter. State Street Corp now owns 58,419,849 shares of the company’s stock worth $7,713,757,000 after acquiring an additional 920,045 shares in the last quarter. Geode Capital Management LLC lifted its holdings in PepsiCo by 0.3% during the second quarter. Geode Capital Management LLC now owns 32,675,492 shares of the company’s stock valued at $4,301,240,000 after purchasing an additional 86,695 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of PepsiCo by 9.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company’s stock worth $3,833,406,000 after purchasing an additional 2,556,163 shares during the period. Finally, Norges Bank purchased a new stake in shares of PepsiCo in the second quarter worth $2,330,594,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

NASDAQ:PEP opened at $146.32 on Tuesday. The company has a market cap of $200.07 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 4.79 and a beta of 0.42. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $160.15. The stock’s 50 day simple moving average is $145.69 and its two-hundred day simple moving average is $144.81. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th were paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, December 5th. PepsiCo’s dividend payout ratio (DPR) is presently 108.17%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PEP shares. Loop Capital set a $164.00 target price on shares of PepsiCo in a report on Thursday, October 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research note on Friday, January 9th. Citigroup boosted their price target on PepsiCo from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Wall Street Zen lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Finally, Evercore ISI lifted their price objective on shares of PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $161.32.

About PepsiCo

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.