L.M. Kohn & Company Sells 7,654 Shares of PepsiCo, Inc. $PEP

L.M. Kohn & Company reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 63.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 4,362 shares of the company’s stock after selling 7,654 shares during the period. L.M. Kohn & Company’s holdings in PepsiCo were worth $613,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of PEP. JCIC Asset Management Inc. purchased a new stake in shares of PepsiCo in the third quarter valued at about $27,000. Evolution Wealth Management Inc. bought a new stake in PepsiCo in the 2nd quarter worth about $27,000. Vermillion & White Wealth Management Group LLC increased its stake in PepsiCo by 107.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after buying an additional 121 shares during the last quarter. Halbert Hargrove Global Advisors LLC boosted its stake in shares of PepsiCo by 667.7% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock worth $33,000 after buying an additional 207 shares during the last quarter. Finally, Frazier Financial Advisors LLC grew its holdings in shares of PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after acquiring an additional 122 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on PEP. Wall Street Zen cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. UBS Group cut their price target on shares of PepsiCo from $172.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, January 14th. Wells Fargo & Company raised their price objective on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a report on Friday, October 10th. Barclays set a $148.00 target price on shares of PepsiCo in a research note on Friday, January 16th. Finally, BNP Paribas Exane raised shares of PepsiCo from a “hold” rating to an “outperform” rating and set a $179.00 price target on the stock in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus price target of $159.29.

PepsiCo Stock Up 3.3%

PEP opened at $153.63 on Friday. The company has a 50 day moving average of $145.94 and a 200 day moving average of $145.45. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $160.15. The company has a market cap of $210.06 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 4.89 and a beta of 0.42.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Friday, December 5th were paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Friday, December 5th. PepsiCo’s payout ratio is presently 108.17%.

PepsiCo Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.