Addison Advisors LLC Decreases Stake in PepsiCo, Inc. (NASDAQ:PEP)

Addison Advisors LLC cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,773 shares of the company’s stock after selling 189 shares during the period. Addison Advisors LLC’s holdings in PepsiCo were worth $980,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PEP. LFA Lugano Financial Advisors SA increased its position in shares of PepsiCo by 80.5% in the 4th 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 last quarter. Life Planning Partners Inc purchased a new position in PepsiCo in the fourth quarter valued at $34,000. Naples Money Management LLC acquired a new stake in PepsiCo in the fourth quarter valued at $36,000. Criterion Capital Advisors LLC purchased a new stake in PepsiCo during the 4th quarter worth about $39,000. Finally, Avion Wealth raised its position in shares of PepsiCo by 61.7% during the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after acquiring an additional 92 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price target on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. Jefferies Financial Group upped their target price on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research note on Monday, March 18th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Finally, Wedbush reiterated an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research report on Tuesday, April 23rd. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo presently has an average rating of “Moderate Buy” and a consensus price target of $187.42.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded down $1.10 on Friday, reaching $175.58. The company’s stock had a trading volume of 4,472,102 shares, compared to its average volume of 5,365,961. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88. The stock’s 50-day moving average is $169.40 and its two-hundred day moving average is $167.88. The stock has a market capitalization of $241.39 billion, a P/E ratio of 26.40, a PEG ratio of 2.86 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. During the same period in the prior year, the business earned $1.50 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a $1.265 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.88%. PepsiCo’s dividend payout ratio (DPR) is 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.