PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Tectonic Advisors LLC

Tectonic Advisors LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 16.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,938 shares of the company’s stock after purchasing an additional 6,475 shares during the quarter. Tectonic Advisors LLC’s holdings in PepsiCo were worth $6,833,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. AMF Tjanstepension AB boosted its holdings in shares of PepsiCo by 15.8% during the 3rd quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock worth $50,016,000 after purchasing an additional 40,031 shares during the last quarter. Czech National Bank boosted its stake in PepsiCo by 6.8% during the third quarter. Czech National Bank now owns 279,811 shares of the company’s stock worth $47,582,000 after buying an additional 17,833 shares during the last quarter. Miracle Mile Advisors LLC grew its holdings in PepsiCo by 12.4% in the 3rd quarter. Miracle Mile Advisors LLC now owns 13,829 shares of the company’s stock valued at $2,352,000 after buying an additional 1,527 shares in the last quarter. Atwood & Palmer Inc. raised its holdings in shares of PepsiCo by 1.2% during the 3rd quarter. Atwood & Palmer Inc. now owns 13,753 shares of the company’s stock worth $2,339,000 after acquiring an additional 160 shares during the period. Finally, Pacifica Partners Inc. grew its holdings in shares of PepsiCo by 4.6% in the third quarter. Pacifica Partners Inc. now owns 20,425 shares of the company’s stock valued at $3,473,000 after purchasing an additional 892 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Royal Bank of Canada began coverage on shares of PepsiCo in a report on Tuesday. They issued a $172.00 target price on the stock. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Piper Sandler started coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target on the stock. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Finally, TD Cowen dropped their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus price target of $173.53.

PepsiCo Stock Down 4.5 %

PEP stock opened at $143.49 on Wednesday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The firm has a market capitalization of $196.87 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 2.92 and a beta of 0.54. The company’s 50 day moving average price is $152.49 and its 200 day moving average price is $164.53.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. During the same period last year, the firm earned $1.78 earnings per share. PepsiCo’s quarterly revenue was down .2% on a year-over-year basis. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a dividend of $1.355 per share. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.78%. PepsiCo’s dividend payout ratio is currently 79.94%.

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.