Boyd Watterson Asset Management LLC OH Has $1.71 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Boyd Watterson Asset Management LLC OH reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 22.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,258 shares of the company's stock after selling 3,346 shares during the quarter. Boyd Watterson Asset Management LLC OH's holdings in PepsiCo were worth $1,712,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PEP. Highline Wealth Partners LLC bought a new stake in PepsiCo during the 3rd quarter worth approximately $28,000. Collier Financial bought a new stake in PepsiCo during the fourth quarter worth $28,000. Legacy Investment Solutions LLC purchased a new stake in PepsiCo in the 3rd quarter valued at $31,000. Rakuten Securities Inc. lifted its stake in 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 acquiring an additional 96 shares in the last quarter. Finally, Creative Capital Management Investments LLC purchased a new position in PepsiCo during the 4th quarter worth $30,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on PEP. CICC Research reissued a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. Royal Bank of Canada initiated coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 target price on the stock. HSBC reduced their target price on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Barclays cut their price objective on PepsiCo from $158.00 to $153.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Finally, Morgan Stanley decreased their target price on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, PepsiCo has an average rating of "Hold" and an average target price of $171.47.

PepsiCo Stock Performance

NASDAQ PEP opened at $153.50 on Friday. The company's 50 day moving average is $148.75 and its 200-day moving average is $162.39. The firm has a market cap of $210.53 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 3.09 and a beta of 0.54. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. 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 - Get Free Report) last issued its earnings results 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 business 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. The business's revenue for the quarter was down .2% compared to the same quarter last year. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo's payout ratio is presently 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.

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