Chemistry Wealth Management LLC Has $354,000 Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Chemistry Wealth Management LLC trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 9.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,079 shares of the company’s stock after selling 210 shares during the period. Chemistry Wealth Management LLC’s holdings in PepsiCo were worth $354,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Logan Capital Management Inc. increased its stake in PepsiCo by 7.4% during the 4th quarter. Logan Capital Management Inc. now owns 98,967 shares of the company’s stock worth $16,808,000 after acquiring an additional 6,860 shares during the period. Elo Mutual Pension Insurance Co increased its stake in PepsiCo by 4.2% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 120,034 shares of the company’s stock worth $20,387,000 after acquiring an additional 4,820 shares during the period. XML Financial LLC increased its stake in shares of PepsiCo by 3.9% in the 4th quarter. XML Financial LLC now owns 14,252 shares of the company’s stock valued at $2,421,000 after purchasing an additional 538 shares during the last quarter. Regal Investment Advisors LLC increased its stake in shares of PepsiCo by 6.8% in the 4th quarter. Regal Investment Advisors LLC now owns 26,582 shares of the company’s stock valued at $4,515,000 after purchasing an additional 1,703 shares during the last quarter. Finally, Allen Wealth Management LLC bought a new position in shares of PepsiCo in the 4th quarter valued at $231,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PEP has been the topic of several recent analyst reports. Jefferies Financial Group decreased their price target on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. TD Cowen cut their target price on PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. JPMorgan Chase & Co. lifted their target price on PepsiCo from $182.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, October 1st. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Finally, Royal Bank of Canada cut their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, PepsiCo currently has an average rating of “Hold” and a consensus price target of $185.29.

PepsiCo Stock Down 0.6 %

PepsiCo stock traded down $0.96 during midday trading on Monday, reaching $167.01. The stock had a trading volume of 1,714,156 shares, compared to its average volume of 5,473,215. PepsiCo, Inc. has a 12 month low of $157.43 and a 12 month high of $183.41. The company has a market capitalization of $229.40 billion, a P/E ratio of 24.27, a PEG ratio of 3.07 and a beta of 0.53. The company has a fifty day moving average price of $173.80 and a two-hundred day moving average price of $172.11. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The business had revenue of $22.50 billion during the quarter, compared to analyst estimates of $22.59 billion. During the same period in the previous year, the company posted $2.09 EPS. The firm’s revenue was up .8% compared to the same quarter last year. As a group, equities analysts expect that PepsiCo, Inc. will post 8.13 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Friday, September 6th. PepsiCo’s payout ratio is 78.66%.

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.