Silver Lake Advisory LLC Trims Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Silver Lake Advisory LLC cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,613 shares of the company’s stock after selling 100 shares during the period. Silver Lake Advisory LLC’s holdings in PepsiCo were worth $853,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fred Alger Management LLC grew its position in PepsiCo by 5.6% in the 2nd quarter. Fred Alger Management LLC now owns 49,842 shares of the company’s stock valued at $8,220,000 after acquiring an additional 2,651 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in PepsiCo during the 2nd quarter worth approximately $223,000. Ameriprise Financial Inc. boosted its position in PepsiCo by 1.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,130,517 shares of the company’s stock valued at $846,030,000 after buying an additional 57,322 shares during the period. Elgethun Capital Management grew its stake in shares of PepsiCo by 0.9% in the second quarter. Elgethun Capital Management now owns 6,977 shares of the company’s stock worth $1,151,000 after acquiring an additional 63 shares in the last quarter. Finally, Drucker Wealth 3.0 LLC purchased a new stake in shares of PepsiCo during the second quarter worth $537,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Up 0.4 %

PEP stock opened at $148.62 on Friday. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The company has a market cap of $203.91 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54. The company has a fifty day moving average price of $154.40 and a 200 day moving average price of $165.52.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a dividend of $1.355 per share. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.65%. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays decreased their price objective on PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Wells Fargo & Company lowered their price target on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Bank of America dropped their target price on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Finally, TD Cowen lowered their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $178.20.

About PepsiCo

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.