OneDigital Investment Advisors LLC Grows Holdings in PepsiCo, Inc. (NASDAQ:PEP)

OneDigital Investment Advisors LLC increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,963 shares of the company’s stock after buying an additional 4,452 shares during the period. OneDigital Investment Advisors LLC’s holdings in PepsiCo were worth $8,966,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. UBS Group cut their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. JPMorgan Chase & Co. increased their price target on PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a report on Monday. Piper Sandler initiated coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective on the stock. Finally, Evercore ISI cut their price target on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo has an average rating of “Hold” and an average price target of $167.76.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $141.73 on Tuesday. The company has a market cap of $194.36 billion, a PE ratio of 20.39, 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 firm has a 50-day simple moving average of $148.12 and a 200 day simple moving average of $154.56. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same period in the prior year, the company earned $1.78 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date was Friday, March 7th. PepsiCo’s payout ratio is 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.