Livingston Group Asset Management CO operating as Southport Capital Management Sells 1,253 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Livingston Group Asset Management CO operating as Southport Capital Management trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,712 shares of the company’s stock after selling 1,253 shares during the period. PepsiCo accounts for about 1.7% of Livingston Group Asset Management CO operating as Southport Capital Management’s holdings, making the stock its 8th biggest holding. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in PepsiCo were worth $4,334,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PEP. West Oak Capital LLC grew its position in PepsiCo by 0.5% in the 3rd quarter. West Oak Capital LLC now owns 15,230 shares of the company’s stock valued at $2,088,000 after buying an additional 75 shares in the last quarter. First Bank & Trust increased its stake in shares of PepsiCo by 0.5% during the third quarter. First Bank & Trust now owns 14,552 shares of the company’s stock valued at $1,995,000 after acquiring an additional 75 shares during the period. Capital Advisors Ltd. LLC increased its stake in shares of PepsiCo by 2.5% during the third quarter. Capital Advisors Ltd. LLC now owns 3,126 shares of the company’s stock valued at $429,000 after acquiring an additional 76 shares during the period. Stillwater Investment Management LLC increased its stake in shares of PepsiCo by 0.5% during the third quarter. Stillwater Investment Management LLC now owns 15,219 shares of the company’s stock valued at $2,086,000 after acquiring an additional 79 shares during the period. Finally, Alpha Windward LLC increased its stake in shares of PepsiCo by 1.3% during the fourth quarter. Alpha Windward LLC now owns 6,207 shares of the company’s stock valued at $848,000 after acquiring an additional 79 shares during the period. Hedge funds and other institutional investors own 71.14% of the company’s stock.

Shares of NASDAQ:PEP traded up $0.48 during mid-day trading on Thursday, hitting $139.68. The stock had a trading volume of 1,274,035 shares, compared to its average volume of 3,649,497. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.77 and a current ratio of 0.95. The company has a market cap of $190.83 billion, a PE ratio of 24.68, a P/E/G ratio of 3.30 and a beta of 0.53. PepsiCo, Inc. has a 12-month low of $107.70 and a 12-month high of $140.45. The company’s 50 day moving average is $136.51 and its 200-day moving average is $134.57.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 6th were paid a $0.955 dividend. This represents a $3.82 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date was Thursday, December 5th. PepsiCo’s dividend payout ratio is 67.49%.

A number of research firms recently commented on PEP. BidaskClub lowered shares of PepsiCo from a “sell” rating to a “strong sell” rating in a research note on Friday, January 10th. Citigroup raised their price objective on shares of PepsiCo from $139.00 to $143.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. BMO Capital Markets restated a “market perform” rating and issued a $133.00 price target (up previously from $128.00) on shares of PepsiCo in a research report on Friday, October 4th. Evercore ISI restated a “hold” rating on shares of PepsiCo in a research report on Sunday, December 15th. Finally, ValuEngine cut PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $135.53.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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