PepsiCo, Inc. (NASDAQ:PEP) Position Trimmed by Strategic Advisors LLC

Strategic Advisors LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 63.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,311 shares of the company’s stock after selling 16,139 shares during the quarter. Strategic Advisors LLC’s holdings in PepsiCo were worth $1,416,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Highline Wealth Partners LLC purchased a new position in PepsiCo during the 3rd quarter valued at about $28,000. Collier Financial acquired a new stake in shares of PepsiCo during the 4th quarter valued at about $28,000. Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo during the 3rd quarter valued at about $31,000. Rakuten Securities Inc. lifted its holdings in shares of PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after buying an additional 96 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PEP. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Barclays reduced their price target on PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Piper Sandler assumed coverage on PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target for the company. JPMorgan Chase & Co. reduced their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Finally, StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $171.47.

PepsiCo Stock Performance

PEP opened at $143.39 on Monday. The stock has a market cap of $196.66 billion, a PE ratio of 20.63, a P/E/G ratio of 2.89 and a beta of 0.54. The company has a current ratio of 0.82, a quick ratio of 0.70 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The stock’s 50 day simple moving average is $149.80 and its 200-day simple moving average is $163.13.

PepsiCo (NASDAQ:PEP) last released 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. The business 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%. PepsiCo’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business posted $1.78 earnings per share. Sell-side analysts forecast that PepsiCo, Inc. will post 8.34 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) 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.