1,523 Shares in PepsiCo, Inc. (NASDAQ:PEP) Bought by Atlantic Family Wealth LLC

Atlantic Family Wealth LLC acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,523 shares of the company’s stock, valued at approximately $232,000.

A number of other hedge funds have also recently modified their holdings of PEP. Highline Wealth Partners LLC purchased a new position in shares of PepsiCo in the third quarter valued at about $28,000. Collier Financial purchased a new position in shares of PepsiCo in the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo in the fourth quarter valued at about $30,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo in the third quarter valued at about $31,000. Finally, Rakuten Securities Inc. increased its position in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after acquiring an additional 96 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 3.0 %

Shares of NASDAQ PEP opened at $153.50 on Friday. The firm’s 50 day moving average price is $148.66 and its 200-day moving average price is $162.18. The company has a market cap of $210.53 billion, a PE ratio of 22.09, a P/E/G ratio of 3.09 and a beta of 0.54. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same period in the previous year, the company earned $1.78 earnings per share. The firm’s quarterly revenue was down .2% on a year-over-year basis. On average, equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.53%. PepsiCo’s payout ratio is 77.99%.

Analysts Set New Price Targets

PEP has been the topic of a number of analyst reports. UBS Group decreased their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Barclays cut their target price on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Evercore ISI cut their target price on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Piper Sandler started coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $171.47.

PepsiCo 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.