Sivia Capital Partners LLC Sells 1,197 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Sivia Capital Partners LLC cut its position in PepsiCo, Inc. (NASDAQ:PEP) by 32.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,441 shares of the company’s stock after selling 1,197 shares during the quarter. Sivia Capital Partners LLC’s holdings in PepsiCo were worth $371,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. raised its holdings in PepsiCo by 20.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 76,818 shares of the company’s stock valued at $12,670,000 after acquiring an additional 13,134 shares during the period. Prosperity Consulting Group LLC grew its position in shares of PepsiCo by 9.9% during the 2nd quarter. Prosperity Consulting Group LLC now owns 6,777 shares of the company’s stock valued at $1,118,000 after purchasing an additional 613 shares in the last quarter. J.W. Cole Advisors Inc. increased its stake in PepsiCo by 46.6% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 20,383 shares of the company’s stock worth $3,362,000 after acquiring an additional 6,477 shares during the last quarter. Lyell Wealth Management LP lifted its position in PepsiCo by 8.3% during the second quarter. Lyell Wealth Management LP now owns 30,836 shares of the company’s stock valued at $5,086,000 after purchasing an additional 2,364 shares during the last quarter. Finally, Hoge Financial Services LLC grew its position in PepsiCo by 6.1% in the second quarter. Hoge Financial Services LLC now owns 3,225 shares of the company’s stock worth $532,000 after acquiring an additional 184 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 1.5 %

Shares of PEP stock traded up $2.08 during mid-day trading on Monday, reaching $144.72. 5,190,116 shares of the company’s stock traded hands, compared to its average volume of 6,927,235. 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’s 50-day moving average price is $157.35 and its 200-day moving average price is $166.50. The company has a market cap of $198.55 billion, a P/E ratio of 21.35, a P/E/G ratio of 2.94 and a beta of 0.54. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41.

PepsiCo Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Barclays decreased their target price on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target on the stock. in a research note on Friday, September 20th. Finally, Royal Bank of Canada cut their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, PepsiCo currently has an average rating of “Hold” and an average 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.