Simon Quick Advisors LLC Has $913,000 Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Simon Quick Advisors LLC decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 15.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,004 shares of the company’s stock after selling 1,108 shares during the quarter. Simon Quick Advisors LLC’s holdings in PepsiCo were worth $913,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in PEP. Sheets Smith Wealth Management raised its stake in PepsiCo by 1.2% in the 4th quarter. Sheets Smith Wealth Management now owns 57,773 shares of the company’s stock worth $8,785,000 after purchasing an additional 703 shares in the last quarter. Beaumont Financial Advisors LLC raised its position in shares of PepsiCo by 0.7% in the fourth quarter. Beaumont Financial Advisors LLC now owns 92,937 shares of the company’s stock valued at $14,132,000 after buying an additional 624 shares in the last quarter. Verum Partners LLC boosted its stake in shares of PepsiCo by 8.8% in the fourth quarter. Verum Partners LLC now owns 1,757 shares of the company’s stock valued at $267,000 after buying an additional 142 shares during the period. Octavia Wealth Advisors LLC grew its position in PepsiCo by 8.1% during the fourth quarter. Octavia Wealth Advisors LLC now owns 19,425 shares of the company’s stock worth $2,980,000 after buying an additional 1,448 shares in the last quarter. Finally, Commons Capital LLC raised its holdings in PepsiCo by 7.7% in the 4th quarter. Commons Capital LLC now owns 3,421 shares of the company’s stock valued at $520,000 after acquiring an additional 244 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP stock opened at $148.09 on Thursday. 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 firm has a market cap of $203.18 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 2.74 and a beta of 0.54. The company’s fifty day simple moving average is $154.74 and its 200 day simple moving average is $165.64. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of recent analyst reports. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. decreased their target price on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, Barclays reduced their target price on PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $178.20.

About PepsiCo

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.