PepsiCo, Inc. $PEP Position Trimmed by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 88.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,578 shares of the company’s stock after selling 89,873 shares during the period. Y Intercept Hong Kong Ltd’s holdings in PepsiCo were worth $1,626,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. JCIC Asset Management Inc. acquired a new stake in shares of PepsiCo during the third quarter valued at approximately $27,000. Evolution Wealth Management Inc. purchased a new position in PepsiCo during the 2nd quarter worth approximately $27,000. Vermillion & White Wealth Management Group LLC raised its stake in PepsiCo by 107.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after purchasing an additional 121 shares during the period. Halbert Hargrove Global Advisors LLC lifted its holdings in shares of PepsiCo by 667.7% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock valued at $33,000 after purchasing an additional 207 shares in the last quarter. Finally, Frazier Financial Advisors LLC grew its holdings in shares of PepsiCo by 85.3% during the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after buying an additional 122 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Up 0.1%

PepsiCo stock opened at $148.69 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $160.15. The firm’s fifty day simple moving average is $145.79 and its 200-day simple moving average is $145.32. The company has a market capitalization of $203.31 billion, a P/E ratio of 28.27, a P/E/G ratio of 4.88 and a beta of 0.42.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th were given a $1.4225 dividend. The ex-dividend date of this dividend 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 currently 108.17%.

Analyst Ratings Changes

Several brokerages recently issued reports on PEP. Wall Street Zen downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Barclays set a $148.00 price target on shares of PepsiCo in a research report on Friday, January 16th. The Goldman Sachs Group boosted their price objective on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Bank of America increased their target price on shares of PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Finally, Rothschild & Co Redburn boosted their price target on shares of PepsiCo from $117.00 to $120.00 and gave the company a “sell” rating in a report on Monday, December 15th. 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 stock. Based on data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus 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.