PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Atomi Financial Group Inc.

Atomi Financial Group Inc. reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,896 shares of the company’s stock after selling 452 shares during the period. Atomi Financial Group Inc.’s holdings in PepsiCo were worth $897,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PEP. Transform Wealth LLC purchased a new position in PepsiCo during the fourth quarter valued at approximately $274,000. Clear Harbor Asset Management LLC increased its holdings in shares of PepsiCo by 56.3% during the 4th quarter. Clear Harbor Asset Management LLC now owns 6,908 shares of the company’s stock valued at $1,050,000 after purchasing an additional 2,487 shares in the last quarter. Charles Schwab Trust Co lifted its stake in shares of PepsiCo by 8.6% in the 4th quarter. Charles Schwab Trust Co now owns 8,868 shares of the company’s stock valued at $1,348,000 after purchasing an additional 705 shares during the period. Kiley Juergens Wealth Management LLC acquired a new stake in PepsiCo during the fourth quarter valued at $1,560,000. Finally, Mitchell & Pahl Private Wealth LLC increased its holdings in PepsiCo by 11.1% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 11,319 shares of the company’s stock valued at $1,721,000 after buying an additional 1,135 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on PEP. Barclays dropped their target price on PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Hsbc Global Res raised PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Wells Fargo & Company dropped their price target 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. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Finally, UBS Group cut their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $178.20.

PepsiCo Stock Down 0.3 %

Shares of PEP opened at $148.09 on Thursday. The stock has a fifty day simple moving average of $154.74 and a two-hundred day simple moving average of $165.64. 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 $203.18 billion, a PE ratio of 21.84, a price-to-earnings-growth ratio of 2.74 and a beta of 0.54. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41.

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 issued 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 3.66%. PepsiCo’s payout ratio is 79.94%.

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.