Trek Financial LLC Has $648,000 Stake in PepsiCo, Inc. (NASDAQ:PEP)

Trek Financial LLC cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 43.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,262 shares of the company’s stock after selling 3,269 shares during the quarter. Trek Financial LLC’s holdings in PepsiCo were worth $648,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in PEP. Federated Hermes Inc. boosted its position in shares of PepsiCo by 19.2% during the fourth quarter. Federated Hermes Inc. now owns 1,752,560 shares of the company’s stock worth $266,494,000 after buying an additional 282,071 shares during the period. Clarkston Capital Partners LLC grew its stake in shares of PepsiCo by 0.4% during the 4th quarter. Clarkston Capital Partners LLC now owns 181,624 shares of the company’s stock worth $27,618,000 after acquiring an additional 669 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co raised its holdings in shares of PepsiCo by 33.7% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 196,500 shares of the company’s stock valued at $29,880,000 after purchasing an additional 49,500 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of PepsiCo by 26.9% in the fourth quarter. Russell Investments Group Ltd. now owns 1,687,231 shares of the company’s stock worth $256,511,000 after purchasing an additional 358,092 shares in the last quarter. Finally, Rahlfs Capital LLC acquired a new position in PepsiCo during the fourth quarter worth $1,599,000. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the topic of several analyst reports. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Piper Sandler began coverage on PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target for the company. Barclays lowered PepsiCo from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $168.00 to $156.00 in a research report on Tuesday, March 18th. Citigroup decreased their target price on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $169.88.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $143.19 on Tuesday. The firm has a market cap of $196.36 billion, a P/E ratio of 20.60, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. The business’s 50 day moving average is $149.10 and its 200-day moving average is $156.72. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 1-year low of $140.67 and a 1-year high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion for 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 quarter last year, the business earned $1.78 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

PepsiCo Company 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.