Ausdal Financial Partners Inc. Grows Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Ausdal Financial Partners Inc. boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 28.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,177 shares of the company's stock after buying an additional 2,270 shares during the period. Ausdal Financial Partners Inc.'s holdings in PepsiCo were worth $1,547,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Collier Financial purchased a new stake in PepsiCo during the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC bought a new stake in PepsiCo in the 4th quarter worth approximately $30,000. Legacy Investment Solutions LLC bought a new position in PepsiCo during the third quarter valued at approximately $31,000. Bay Harbor Wealth Management LLC purchased a new position in shares of PepsiCo during the fourth quarter worth approximately $34,000. Finally, Human Investing LLC purchased a new stake in shares of PepsiCo in the 4th quarter valued at $39,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

NASDAQ:PEP traded down $0.40 during mid-day trading on Friday, hitting $149.27. 8,549,260 shares of the company traded hands, compared to its average volume of 5,875,691. The stock's fifty day moving average price is $149.25 and its 200-day moving average price is $158.03. 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, Inc. has a one year low of $141.51 and a one year high of $183.41. The firm has a market cap of $204.72 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52.

Remove Ads

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.78 earnings per share. Research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.63%. PepsiCo's dividend payout ratio is presently 77.99%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PEP. Citigroup decreased their target price on shares of PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Royal Bank of Canada initiated coverage on PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 target price for the company. Deutsche Bank Aktiengesellschaft cut their price target on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. CICC Research reiterated a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. Finally, 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. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, PepsiCo currently has an average rating of "Hold" and an average target price of $169.88.

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.