Samalin Investment Counsel LLC Has $535,000 Stake in PepsiCo, Inc. (NASDAQ:PEP)

Samalin Investment Counsel LLC reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,515 shares of the company’s stock after selling 187 shares during the quarter. Samalin Investment Counsel LLC’s holdings in PepsiCo were worth $535,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PEP. Collier Financial bought a new stake in PepsiCo during the fourth quarter worth about $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo during the 4th quarter worth approximately $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo in the 3rd quarter valued at approximately $31,000. Bay Harbor Wealth Management LLC bought a new position in shares of PepsiCo in the fourth quarter valued at $34,000. Finally, Human Investing LLC acquired a new position in PepsiCo during the fourth quarter worth $39,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 1.2 %

Shares of PEP opened at $145.45 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $199.48 billion, a PE ratio of 20.93, a P/E/G ratio of 3.09 and a beta of 0.52. The firm’s 50 day moving average is $149.04 and its 200-day moving average is $158.96. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last announced 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. The firm had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.78 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.73%. PepsiCo’s payout ratio is 77.99%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PEP. Citigroup decreased their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Piper Sandler assumed coverage on PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target on the stock. TD Cowen dropped their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Finally, Evercore ISI cut their price target on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, PepsiCo has an average rating of “Hold” and an average price target of $169.88.

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.