Pacifica Partners Inc. Sells 225 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Pacifica Partners Inc. lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,200 shares of the company’s stock after selling 225 shares during the period. PepsiCo makes up 1.3% of Pacifica Partners Inc.’s investment portfolio, making the stock its 26th largest holding. Pacifica Partners Inc.’s holdings in PepsiCo were worth $3,034,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Breakwater Capital Group raised its position in shares of PepsiCo by 11.4% in the 4th quarter. Breakwater Capital Group now owns 5,648 shares of the company’s stock worth $859,000 after purchasing an additional 577 shares during the last quarter. 180 Wealth Advisors LLC increased its stake in PepsiCo by 4.7% during the 4th quarter. 180 Wealth Advisors LLC now owns 18,214 shares of the company’s stock valued at $2,770,000 after purchasing an additional 814 shares in the last quarter. West Oak Capital LLC lifted its stake in shares of PepsiCo by 1.9% in the fourth quarter. West Oak Capital LLC now owns 12,579 shares of the company’s stock worth $1,913,000 after buying an additional 240 shares in the last quarter. Global Financial Private Client LLC grew its holdings in shares of PepsiCo by 1.5% during the fourth quarter. Global Financial Private Client LLC now owns 11,695 shares of the company’s stock valued at $1,778,000 after buying an additional 177 shares during the last quarter. Finally, Ayrshire Capital Management LLC increased its position in shares of PepsiCo by 2.9% during the fourth quarter. Ayrshire Capital Management LLC now owns 36,808 shares of the company’s stock valued at $5,597,000 after acquiring an additional 1,030 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 0.3 %

Shares of NASDAQ:PEP opened at $144.95 on Wednesday. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The company has a market cap of $198.87 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 2.94 and a beta of 0.54. The stock has a 50 day moving average of $156.46 and a 200 day moving average of $166.20. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.74%. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Wall Street Analyst Weigh In

Several brokerages have commented on PEP. Piper Sandler initiated coverage on PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Wells Fargo & Company decreased their target price on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Barclays reduced their price target on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Finally, Bank of America lowered their price objective on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus price target of $180.64.

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.