SeaCrest Wealth Management LLC reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,259 shares of the company’s stock after selling 124 shares during the period. SeaCrest Wealth Management LLC’s holdings in PepsiCo were worth $3,993,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Accurate Wealth Management LLC boosted its position in PepsiCo by 4.8% during the 4th quarter. Accurate Wealth Management LLC now owns 9,809 shares of the company’s stock worth $1,403,000 after acquiring an additional 450 shares during the last quarter. Fiduciary Financial Group LLC raised its holdings in shares of PepsiCo by 5.6% in the fourth quarter. Fiduciary Financial Group LLC now owns 1,852 shares of the company’s stock valued at $264,000 after purchasing an additional 98 shares during the last quarter. Breakwater Capital Group boosted its holdings in PepsiCo by 11.4% during the fourth 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 grew its position in PepsiCo by 4.7% in the fourth 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. Finally, West Oak Capital LLC lifted its position in PepsiCo by 1.9% during the 4th 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. 73.07% of the stock is currently owned by institutional investors.
PepsiCo Trading Up 0.3 %
Shares of PEP stock 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 firm has a 50 day moving average price of $156.46 and a two-hundred day moving average price of $166.20. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The company has a market capitalization 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.
PepsiCo Dividend Announcement
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on PEP shares. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. TD Cowen cut their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price on the stock. in a report on Friday, September 20th. Finally, Royal Bank of Canada cut their price target on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, PepsiCo has a consensus rating of “Hold” and an average target price of $180.64.
View Our Latest Stock Analysis on PepsiCo
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.
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