Capital Counsel LLC NY Has $2.05 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Capital Counsel LLC NY trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,470 shares of the company’s stock after selling 75 shares during the period. PepsiCo makes up 0.1% of Capital Counsel LLC NY’s investment portfolio, making the stock its 26th largest holding. Capital Counsel LLC NY’s holdings in PepsiCo were worth $2,048,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in PepsiCo in the fourth quarter valued at $2,729,565,000. Raymond James Financial Inc. acquired a new stake in shares of PepsiCo in the 4th quarter valued at about $589,307,000. Charles Schwab Investment Management Inc. increased its position in PepsiCo by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock valued at $3,834,504,000 after buying an additional 3,856,193 shares in the last quarter. Franklin Resources Inc. boosted its holdings in PepsiCo by 21.1% in the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company’s stock worth $2,293,049,000 after acquiring an additional 2,264,445 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in PepsiCo by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company’s stock valued at $20,280,471,000 after acquiring an additional 1,376,133 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Piper Sandler assumed coverage on PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. Royal Bank of Canada assumed coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 price objective on the stock. Bank of America reiterated a “neutral” rating and set a $155.00 price objective (down from $185.00) on shares of PepsiCo in a report on Tuesday. UBS Group dropped their price target 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. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus target price of $168.12.

PepsiCo Stock Performance

NASDAQ PEP opened at $142.84 on Friday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The company has a market capitalization of $195.88 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 52-week low of $138.33 and a 52-week high of $183.41. The company has a 50-day simple moving average of $148.22 and a 200 day simple moving average of $155.14.

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

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.79%. PepsiCo’s payout ratio is 77.99%.

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.