PepsiCo, Inc. (NASDAQ:PEP) Stake Trimmed by Oak Harbor Wealth Partners LLC

Oak Harbor Wealth Partners LLC lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,244 shares of the company’s stock after selling 180 shares during the quarter. Oak Harbor Wealth Partners LLC’s holdings in PepsiCo were worth $1,060,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of PEP. Cerity Partners LLC grew its stake in PepsiCo by 59.4% during the 4th quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock valued at $168,747,000 after acquiring an additional 370,122 shares in the last quarter. Harbour Capital Advisors LLC grew its stake in shares of PepsiCo by 0.4% in the 4th quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after buying an additional 102 shares in the last quarter. Meadow Creek Wealth Advisors LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at approximately $405,000. Manchester Capital Management LLC grew its stake in shares of PepsiCo by 1.4% in the 3rd quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock valued at $2,243,000 after buying an additional 185 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC grew its stake in shares of PepsiCo by 34.5% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock valued at $2,091,000 after buying an additional 3,159 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded down $2.42 during trading hours on Thursday, reaching $179.67. The stock had a trading volume of 1,231,608 shares, compared to its average volume of 5,459,361. The business’s fifty day moving average is $174.02 and its two-hundred day moving average is $170.00. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $192.38. The company has a market cap of $247.01 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 2.95 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. During the same period in the prior year, the business posted $1.50 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. As a group, research analysts expect that PepsiCo, Inc. will post 8.17 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Friday, June 7th. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio is presently 76.09%.

Insider Transactions at PepsiCo

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the sale, the chief executive officer now owns 53,953 shares in the company, valued at $9,603,634. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PEP shares. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Barclays boosted their price target on PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft boosted their target price on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Finally, Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a report on Monday, March 18th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Moderate Buy” and an average price target of $187.58.

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.