Atlas Private Wealth Advisors Cuts Stake in PepsiCo, Inc. $PEP

Atlas Private Wealth Advisors lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 66.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,938 shares of the company’s stock after selling 3,919 shares during the period. Atlas Private Wealth Advisors’ holdings in PepsiCo were worth $272,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Hoge Financial Services LLC raised its stake in shares of PepsiCo by 8.1% in the third quarter. Hoge Financial Services LLC now owns 4,052 shares of the company’s stock valued at $569,000 after acquiring an additional 303 shares in the last quarter. Bryn Mawr Trust Advisors LLC increased its holdings in PepsiCo by 0.5% during the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 53,224 shares of the company’s stock worth $7,475,000 after purchasing an additional 267 shares during the period. Cornerstone Wealth Management LLC raised its position in PepsiCo by 7.9% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 13,692 shares of the company’s stock valued at $1,923,000 after purchasing an additional 999 shares in the last quarter. Townsquare Capital LLC boosted its stake in shares of PepsiCo by 96.5% in the 3rd quarter. Townsquare Capital LLC now owns 40,383 shares of the company’s stock valued at $5,671,000 after buying an additional 19,829 shares during the period. Finally, Argent Advisors Inc. grew its position in shares of PepsiCo by 32.4% during the third quarter. Argent Advisors Inc. now owns 4,934 shares of the company’s stock worth $693,000 after buying an additional 1,208 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 3.3%

NASDAQ:PEP opened at $153.63 on Friday. The company has a market capitalization of $210.06 billion, a PE ratio of 29.21, a P/E/G ratio of 4.89 and a beta of 0.42. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $160.15. The stock’s 50 day moving average price is $145.94 and its 200 day moving average price is $145.45. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Friday, December 5th were given a $1.4225 dividend. The ex-dividend date was Friday, December 5th. This represents a $5.69 annualized dividend and a yield of 3.7%. PepsiCo’s dividend payout ratio is 108.17%.

Analysts Set New Price Targets

PEP has been the subject of a number of recent research reports. The Goldman Sachs Group lifted their price target on shares of PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. raised shares of PepsiCo from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $151.00 to $164.00 in a research report on Wednesday, December 10th. Wall Street Zen cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Exane BNP Paribas raised PepsiCo from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. Finally, UBS Group dropped their price objective on PepsiCo from $172.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $159.29.

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.