Centurion Wealth Management LLC Lowers Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Centurion Wealth Management LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 10.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,993 shares of the company’s stock after selling 242 shares during the period. Centurion Wealth Management LLC’s holdings in PepsiCo were worth $303,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pollock Investment Advisors LLC purchased a new stake in PepsiCo in the 4th quarter worth approximately $1,016,000. one8zero8 LLC purchased a new stake in PepsiCo in the 4th quarter worth approximately $7,601,000. Choate Investment Advisors grew its stake in shares of PepsiCo by 1.9% during the 4th quarter. Choate Investment Advisors now owns 142,176 shares of the company’s stock valued at $21,617,000 after buying an additional 2,639 shares during the period. Clearstead Trust LLC grew its stake in shares of PepsiCo by 44.6% during the 4th quarter. Clearstead Trust LLC now owns 8,707 shares of the company’s stock valued at $1,324,000 after buying an additional 2,684 shares during the period. Finally, Buckley Wealth Management LLC grew its stake in shares of PepsiCo by 2.2% during the 4th quarter. Buckley Wealth Management LLC now owns 6,077 shares of the company’s stock valued at $924,000 after buying an additional 131 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Citigroup lowered their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. BNP Paribas decreased their price target on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Evercore ISI decreased their price target on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $170.59.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $148.59 on Friday. The firm has a market cap of $203.79 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The firm’s 50-day simple moving average is $148.76 and its 200-day simple moving average is $159.99. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.78 earnings per share. Equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.65%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

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.