Insight 2811 Inc. Grows Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Insight 2811 Inc. grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 6.4% during the 4th quarter, HoldingsChannel reports. The fund owned 2,240 shares of the company’s stock after purchasing an additional 134 shares during the period. Insight 2811 Inc.’s holdings in PepsiCo were worth $341,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Tcfg Wealth Management LLC grew its stake in shares of PepsiCo by 3.5% during the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after purchasing an additional 66 shares in the last quarter. Lincoln Capital LLC raised its holdings in PepsiCo by 0.4% during the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock worth $2,556,000 after purchasing an additional 70 shares in the last quarter. Marshall Financial Group LLC boosted its stake in PepsiCo by 2.3% in the fourth quarter. Marshall Financial Group LLC now owns 3,128 shares of the company’s stock valued at $476,000 after acquiring an additional 70 shares in the last quarter. Osprey Private Wealth LLC lifted its stake in PepsiCo by 0.5% in the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company’s stock valued at $2,290,000 after buying an additional 70 shares during the last quarter. Finally, TAGStone Capital Inc. raised its position in PepsiCo by 2.8% in the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company’s stock valued at $388,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Barclays cut PepsiCo from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $168.00 to $156.00 in a research note on Tuesday, March 18th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Royal Bank of Canada initiated coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 price target on the stock. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Finally, Piper Sandler initiated coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $169.88.

PepsiCo Stock Performance

PepsiCo stock opened at $146.45 on Tuesday. 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, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The stock has a fifty day moving average of $149.08 and a two-hundred day moving average of $158.73. The company has a market capitalization of $200.86 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last announced its earnings results 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 the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.78 EPS. On average, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.70%. PepsiCo’s payout ratio is currently 77.99%.

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.