Oxler Private Wealth LLC Sells 10,525 Shares of PepsiCo, Inc. $PEP

Oxler Private Wealth LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 76.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,273 shares of the company’s stock after selling 10,525 shares during the quarter. Oxler Private Wealth LLC’s holdings in PepsiCo were worth $460,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JCIC Asset Management Inc. bought a new stake in shares of PepsiCo during the third quarter worth $27,000. Evolution Wealth Management Inc. purchased a new stake in PepsiCo in the 2nd quarter valued at about $27,000. Vermillion & White Wealth Management Group LLC grew its stake in PepsiCo by 107.1% in the 2nd 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 in the last quarter. Halbert Hargrove Global Advisors LLC increased its position in shares of PepsiCo by 667.7% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock worth $33,000 after acquiring an additional 207 shares during the period. Finally, Frazier Financial Advisors LLC boosted its holdings in shares of PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 122 shares during the period. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. HSBC lifted their target price on PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research report on Friday, October 10th. Wells Fargo & Company lifted their price objective on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a report on Friday, October 10th. BNP Paribas Exane upgraded shares of PepsiCo from a “hold” rating to an “outperform” rating and set a $179.00 target price on the stock in a report on Friday, January 16th. Evercore ISI boosted their price target on shares of PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Finally, UBS Group dropped their price objective on shares of PepsiCo from $172.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $159.29.

PepsiCo Price Performance

NASDAQ PEP opened at $149.05 on Wednesday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $160.15. The firm’s fifty day simple moving average is $145.71 and its two-hundred day simple moving average is $145.28. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The firm has a market capitalization of $203.80 billion, a P/E ratio of 28.17, a P/E/G ratio of 4.78 and a beta of 0.42.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th were paid a dividend of $1.4225 per share. The ex-dividend date was Friday, December 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. PepsiCo’s payout ratio is presently 108.17%.

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.