Armstrong Henry H Associates Inc. Reduces Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Armstrong Henry H Associates Inc. lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,216 shares of the company’s stock after selling 214 shares during the quarter. PepsiCo comprises 0.3% of Armstrong Henry H Associates Inc.’s portfolio, making the stock its 20th largest position. Armstrong Henry H Associates Inc.’s holdings in PepsiCo were worth $2,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of PEP. Thompson Siegel & Walmsley LLC raised its holdings in PepsiCo by 22.2% in the second quarter. Thompson Siegel & Walmsley LLC now owns 63,476 shares of the company’s stock worth $10,469,000 after purchasing an additional 11,525 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of PepsiCo by 3.1% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 186,803 shares of the company’s stock worth $30,809,000 after acquiring an additional 5,682 shares in the last quarter. Fairfield Financial Advisors LTD purchased a new position in PepsiCo during the 2nd quarter valued at about $213,000. Abound Wealth Management boosted its stake in PepsiCo by 40.2% during the second quarter. Abound Wealth Management now owns 593 shares of the company’s stock worth $98,000 after acquiring an additional 170 shares in the last quarter. Finally, Capital Wealth Planning LLC increased its stake in shares of PepsiCo by 11.0% during the second quarter. Capital Wealth Planning LLC now owns 4,595 shares of the company’s stock valued at $758,000 after purchasing an additional 456 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

NASDAQ PEP opened at $144.50 on Tuesday. The stock has a market capitalization of $198.25 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 2.94 and a beta of 0.54. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The business’s fifty day moving average price is $156.92 and its 200-day moving average price is $166.35.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were given a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.75%. PepsiCo’s payout ratio is 79.94%.

Wall Street Analyst Weigh In

PEP has been the topic of several recent research reports. TD Cowen cut their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Barclays cut their target price on PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Royal Bank of Canada lowered their price target on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company dropped their target price on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. One investment 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 MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and a consensus price target of $180.64.

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.