Epic Trust Investment Advisors LLC Lowers Stake in PepsiCo, Inc. (NASDAQ:PEP)

Epic Trust Investment Advisors LLC reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,206 shares of the company’s stock after selling 66 shares during the period. Epic Trust Investment Advisors LLC’s holdings in PepsiCo were worth $375,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Amplius Wealth Advisors LLC boosted its position in PepsiCo by 2.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after acquiring an additional 60 shares during the period. Darwin Wealth Management LLC boosted its holdings in shares of PepsiCo by 2.7% in the third quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after acquiring an additional 61 shares in the last quarter. Sugarloaf Wealth Management LLC increased its stake in shares of PepsiCo by 2.6% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock valued at $411,000 after acquiring an additional 61 shares during the period. Capital Investment Counsel Inc raised its holdings in PepsiCo by 1.6% during the fourth quarter. Capital Investment Counsel Inc now owns 4,116 shares of the company’s stock worth $699,000 after purchasing an additional 64 shares in the last quarter. Finally, Beacon Financial Advisory LLC boosted its stake in PepsiCo by 3.1% during the 3rd quarter. Beacon Financial Advisory LLC now owns 2,135 shares of the company’s stock valued at $362,000 after purchasing an additional 65 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on PEP shares. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Wedbush reissued an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research note on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. boosted their target price on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $187.42.

PepsiCo Stock Down 0.1 %

Shares of PEP stock traded down $0.26 during trading on Tuesday, hitting $175.88. 2,428,018 shares of the company were exchanged, compared to its average volume of 5,779,233. The business’s 50-day simple moving average is $169.60 and its 200 day simple moving average is $168.05. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The firm has a market capitalization of $241.80 billion, a price-to-earnings ratio of 26.42, a P/E/G ratio of 2.86 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. During the same quarter last year, the business posted $1.50 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, analysts forecast that PepsiCo, Inc. will post 8.16 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 paid a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

PepsiCo 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.