Elevatus Welath Management Cuts Position in PepsiCo, Inc. (NASDAQ:PEP)

Elevatus Welath Management lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,676 shares of the company’s stock after selling 106 shares during the quarter. Elevatus Welath Management’s holdings in PepsiCo were worth $407,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. WealthTrak Capital Management LLC bought a new stake in PepsiCo during the 4th quarter valued at $28,000. Collier Financial purchased a new stake in shares of PepsiCo in the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC bought a new stake in PepsiCo during the fourth quarter valued at approximately $30,000. Prudent Man Investment Management Inc. purchased a new position in PepsiCo in the fourth quarter worth $30,000. Finally, Summit Securities Group LLC purchased a new position in shares of PepsiCo in the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on PEP. JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Bank of America reissued a “neutral” rating and set a $155.00 target price (down from $185.00) on shares of PepsiCo in a research note on Tuesday. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. HSBC lowered their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Finally, Piper Sandler assumed coverage on PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target on the stock. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and an average price target of $168.12.

PepsiCo Stock Up 2.0 %

PEP stock opened at $142.84 on Friday. The business’s 50-day moving average is $148.16 and its two-hundred day moving average is $154.94. The company has a market cap of $195.88 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a fifty-two week low of $138.33 and a fifty-two 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 issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the previous year, the firm posted $1.78 EPS. The company’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given 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.