PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. cut its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 41.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,983 shares of the company's stock after selling 28,829 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in PepsiCo were worth $6,134,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Ossiam grew its stake in PepsiCo by 138.9% during the 4th quarter. Ossiam now owns 73,604 shares of the company's stock valued at $11,192,000 after acquiring an additional 42,793 shares in the last quarter. OMERS ADMINISTRATION Corp raised its stake in shares of PepsiCo by 12.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock valued at $18,977,000 after purchasing an additional 13,461 shares in the last quarter. Hutner Capital Management Inc. raised its stake in shares of PepsiCo by 14.6% in the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock valued at $8,178,000 after purchasing an additional 6,865 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new position in PepsiCo during the fourth quarter worth $47,899,000. Finally, WCM Investment Management LLC raised its stake in PepsiCo by 147.6% during the fourth quarter. WCM Investment Management LLC now owns 14,692 shares of the company's stock worth $2,229,000 after acquiring an additional 8,759 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of PEP stock traded up $0.66 during trading hours on Thursday, hitting $131.33. The stock had a trading volume of 2,963,750 shares, compared to its average volume of 6,503,074. The stock's 50-day moving average price is $138.55 and its two-hundred day moving average price is $147.72. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a one year low of $127.75 and a one year high of $180.91. The stock has a market capitalization of $180.07 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period last year, the company earned $1.61 EPS. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. Equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Friday, June 6th. PepsiCo's payout ratio is currently 83.68%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PEP. Barclays lowered their target price on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. HSBC lowered their target price on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. Jefferies Financial Group cut PepsiCo from a "buy" rating to a "hold" rating and cut their target price for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Wells Fargo & Company decreased their target price on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Finally, Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and an average price target of $160.69.

PepsiCo Company 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.