Good Life Advisors LLC Has $535,000 Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Good Life Advisors LLC lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,150 shares of the company’s stock after selling 138 shares during the quarter. Good Life Advisors LLC’s holdings in PepsiCo were worth $535,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. State Street Corp lifted its holdings in PepsiCo by 0.8% during the 2nd quarter. State Street Corp now owns 59,055,838 shares of the company’s stock valued at $10,938,322,000 after purchasing an additional 489,175 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in PepsiCo by 95,514.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock valued at $7,746,023,000 after purchasing an additional 42,831,405 shares during the last quarter. Morgan Stanley lifted its holdings in PepsiCo by 21.0% during the 4th quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock valued at $4,827,240,000 after purchasing an additional 4,629,947 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in PepsiCo by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock valued at $3,121,736,000 after purchasing an additional 920,032 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in PepsiCo by 3.7% during the 3rd quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock valued at $2,859,812,000 after purchasing an additional 595,357 shares during 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 weighed in on PEP. Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a report on Monday, February 12th. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Morgan Stanley raised 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. Deutsche Bank Aktiengesellschaft lifted 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. Finally, Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $187.77.

PepsiCo Stock Performance

PepsiCo stock opened at $175.01 on Friday. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The business’s 50-day moving average price is $168.10 and its two-hundred day moving average price is $167.99. The stock has a market cap of $240.55 billion, a PE ratio of 26.64, a P/E/G ratio of 2.72 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last released its earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The firm had revenue of $27.84 billion for the quarter, compared to analysts’ expectations of $28.40 billion. During the same quarter in the previous year, the business posted $1.67 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. As a group, analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 1st will be paid a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Thursday, February 29th. PepsiCo’s payout ratio is 77.02%.

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.