Venture Visionary Partners LLC Reduces Position in PepsiCo, Inc. $PEP

Venture Visionary Partners LLC trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 46.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,852 shares of the company’s stock after selling 29,715 shares during the quarter. Venture Visionary Partners LLC’s holdings in PepsiCo were worth $4,895,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Nilsine Partners LLC grew its holdings in PepsiCo by 3.2% in the 3rd quarter. Nilsine Partners LLC now owns 10,409 shares of the company’s stock valued at $1,462,000 after buying an additional 322 shares in the last quarter. Cambridge Financial Group LLC increased its position in PepsiCo by 8.0% during the third quarter. Cambridge Financial Group LLC now owns 3,108 shares of the company’s stock worth $437,000 after purchasing an additional 229 shares during the last quarter. Martin Capital Partners LLC raised its stake in PepsiCo by 76.3% during the third quarter. Martin Capital Partners LLC now owns 39,204 shares of the company’s stock worth $5,506,000 after purchasing an additional 16,962 shares during the period. Aaron Wealth Advisors LLC boosted its holdings in PepsiCo by 3.7% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 6,373 shares of the company’s stock valued at $895,000 after purchasing an additional 228 shares during the last quarter. Finally, Shorepoint Capital Partners LLC purchased a new stake in shares of PepsiCo during the 3rd quarter valued at approximately $5,281,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PEP has been the subject of a number of recent analyst reports. BNP Paribas Exane reduced their price objective on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. The Goldman Sachs Group upped their price objective on shares of PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Bank of America lifted their target price on shares of PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Finally, Wells Fargo & Company raised their price target on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. Eight analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and a consensus price target of $158.50.

PepsiCo Stock Up 0.4%

PEP stock opened at $151.22 on Tuesday. The company’s 50 day moving average price is $147.53 and its 200 day moving average price is $142.51. The firm has a market capitalization of $206.77 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 5.20 and a beta of 0.42. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $160.15. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter in the previous year, the business posted $2.31 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th will be paid a $1.4225 dividend. The ex-dividend date is Friday, December 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. PepsiCo’s dividend payout ratio (DPR) is currently 108.17%.

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.