Sanibel Captiva Trust Company Inc. Reduces Stake in PepsiCo, Inc.

Sanibel Captiva Trust Company Inc. has recently reduced its investment in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.8% during the fourth quarter. This information was disclosed in their latest filing with the Securities and Exchange Commission. Following the sale of 7,380 shares, Sanibel Captiva Trust Company now holds a total of 185,794 shares in PepsiCo.

Investment Portfolio Details

PepsiCo now constitutes around 0.9% of Sanibel Captiva Trust Company Inc.'s entire investment portfolio, making it their 28th largest holding. At the end of the latest reporting period, their holdings in PepsiCo were valued at approximately $28,252,000.

Other Institutional Investors' Activities

In addition to Sanibel Captiva Trust Company, several other hedge funds and institutional investors have also adjusted their positions in PepsiCo recently. For example, Global Wealth Strategies & Associates increased their stake in PepsiCo by 59.0% in the previous quarter, now owning 159 shares valued at about $27,000 after acquiring an additional 59 shares. Similarly, Highline Wealth Partners LLC initiated a new stake in PepsiCo during the same period, estimated at around $28,000. Legacy Investment Solutions LLC and Mattson Financial Services LLC also purchased new positions in PepsiCo.

Analyst Opinions on PepsiCo

Analysts have been sharing their insights regarding PepsiCo. Notably, Morgan Stanley downgraded their rating from "overweight" to "equal weight" while establishing a target price of $185.00. On the other hand, Piper Sandler has recently initiated coverage with an “overweight” rating and set a target price of $171.00. TD Cowen, however, has lowered their price target from $183.00 to $160.00 while maintaining a "hold" rating.

Current Stock Performance

As per the latest market data, PepsiCo shares opened on Friday at $148.25. The company showcases a current ratio of 0.89, a quick ratio of 0.70, and a debt-to-equity ratio of 1.96. Over the past twelve months, PepsiCo has recorded a low of $141.51 and a high of $183.41. Their market capitalization stands at $203.40 billion, with a P/E ratio of 21.87.

Recent Dividend Announcement

On January 6th, PepsiCo paid a quarterly dividend of $1.355 to shareholders of record as of December 6th. This translates to an annualized dividend of $5.42, offering a yield of 3.66%. The company's current payout ratio is noted as 79.94%.

About PepsiCo

PepsiCo, Inc. is widely recognized for its manufacturing, marketing, distribution, and sale of an extensive array of beverages and convenient foods around the globe, structured through several segments including Frito-Lay North America, Quaker Foods North America, and PepsiCo Beverages North America, among others.

investment, stocks, PepsiCo