Kellett Wealth Advisors LLC Reduces Position in PepsiCo, Inc. (NASDAQ:PEP)

Kellett Wealth Advisors LLC decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 16.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,936 shares of the company’s stock after selling 369 shares during the period. Kellett Wealth Advisors LLC’s holdings in PepsiCo were worth $329,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. LFA Lugano Financial Advisors SA boosted its holdings in shares of PepsiCo by 80.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares during the period. Life Planning Partners Inc bought a new position in PepsiCo in the fourth quarter worth approximately $34,000. Avion Wealth raised its stake in PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after buying an additional 92 shares in the last quarter. Pacific Center for Financial Services bought a new position in PepsiCo in the first quarter worth approximately $47,000. Finally, Financial Connections Group Inc. bought a new position in PepsiCo in the fourth quarter worth approximately $44,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ:PEP traded up $2.79 during mid-day trading on Thursday, hitting $172.27. The company’s stock had a trading volume of 5,573,781 shares, compared to its average volume of 5,722,261. The business’s fifty day moving average is $168.58 and its two-hundred day moving average is $167.38. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88. The stock has a market cap of $236.79 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 2.63 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The business had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. During the same period in the prior year, the company posted $1.67 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. Analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were issued a dividend of $1.265 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.94%. PepsiCo’s dividend payout ratio is currently 77.02%.

Analysts Set New Price Targets

A number of equities analysts recently commented on PEP shares. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research note on Monday, March 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a research report on Monday, February 12th. Deutsche Bank Aktiengesellschaft upped their price target on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Finally, StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, PepsiCo has a consensus rating of “Moderate Buy” and a consensus price target of $186.92.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.