Financial Management Professionals Inc. Sells 1,407 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Financial Management Professionals Inc. lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 47.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,558 shares of the company’s stock after selling 1,407 shares during the quarter. Financial Management Professionals Inc.’s holdings in PepsiCo were worth $237,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. HB Wealth Management LLC grew its holdings in PepsiCo by 1.6% in the 4th quarter. HB Wealth Management LLC now owns 102,047 shares of the company’s stock worth $15,517,000 after acquiring an additional 1,617 shares during the last quarter. Financial & Tax Architects LLC lifted its holdings in shares of PepsiCo by 12.6% during the fourth quarter. Financial & Tax Architects LLC now owns 38,417 shares of the company’s stock valued at $5,842,000 after purchasing an additional 4,309 shares in the last quarter. Howard Financial Services LTD. grew its position in PepsiCo by 7.3% in the 4th quarter. Howard Financial Services LTD. now owns 17,247 shares of the company’s stock worth $2,623,000 after purchasing an additional 1,177 shares during the period. Verity & Verity LLC lifted its stake in shares of PepsiCo by 4.9% in the 4th quarter. Verity & Verity LLC now owns 64,412 shares of the company’s stock worth $9,794,000 after purchasing an additional 3,028 shares during the period. Finally, Integrated Investment Consultants LLC increased its position in PepsiCo by 212.0% in the fourth quarter. Integrated Investment Consultants LLC now owns 12,101 shares of the company’s stock worth $1,840,000 after buying an additional 8,222 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP stock opened at $148.25 on Friday. The business’s fifty day moving average price is $155.37 and its 200 day moving average price is $165.83. The company has a market capitalization of $203.40 billion, a PE ratio of 21.87, a P/E/G ratio of 2.57 and a beta of 0.54. 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, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders 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 annualized dividend and a yield of 3.66%. PepsiCo’s dividend payout ratio is presently 79.94%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PEP shares. Barclays lowered their price target on PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a report on Friday. JPMorgan Chase & Co. decreased their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and boosted their target price for the company from $179.00 to $184.00 in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus price target of $178.60.

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.