Coign Capital Advisors LLC Has $734,000 Stock Holdings in PepsiCo, Inc. $PEP

Coign Capital Advisors LLC reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 40.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,230 shares of the company’s stock after selling 3,511 shares during the quarter. Coign Capital Advisors LLC’s holdings in PepsiCo were worth $734,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. JCIC Asset Management Inc. bought a new position in shares of PepsiCo in the 3rd quarter worth $27,000. Evolution Wealth Management Inc. acquired a new position in PepsiCo during the second quarter worth $27,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo in the second quarter valued at $29,000. Vermillion & White Wealth Management Group LLC grew its holdings in shares of PepsiCo by 107.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after buying an additional 121 shares during the last quarter. Finally, 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 in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 1.6%

NASDAQ PEP opened at $144.40 on Friday. The stock has a market capitalization of $197.44 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 4.81 and a beta of 0.42. The business’s fifty day moving average is $145.78 and its 200-day moving average is $144.90. 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, Inc. has a one year low of $127.60 and a one year high of $160.15.

PepsiCo Dividend Announcement

The business also recently announced 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 yield of 3.9%. The ex-dividend date was Friday, December 5th. PepsiCo’s payout ratio is presently 108.17%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PEP shares. Loop Capital set a $164.00 price target on shares of PepsiCo in a research report on Thursday, October 23rd. Wells Fargo & Company raised their target price on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a report on Friday, October 10th. DZ Bank upgraded 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. Citigroup increased their price target on PepsiCo from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Finally, Evercore ISI lifted their price objective on shares of PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $159.29.

PepsiCo Profile

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.