Finward Bancorp Makes New $627,000 Investment in PepsiCo, Inc. (NASDAQ:PEP)

Finward Bancorp bought a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,124 shares of the company's stock, valued at approximately $627,000.

Several other institutional investors and hedge funds have also modified their holdings of PEP. Tcfg Wealth Management LLC grew its position in shares of PepsiCo by 3.5% in the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock worth $295,000 after buying an additional 66 shares during the period. Lincoln Capital LLC grew its holdings in PepsiCo by 0.4% during the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock valued at $2,556,000 after buying an additional 70 shares in the last quarter. Marshall Financial Group LLC lifted its holdings in shares of PepsiCo by 2.3% in the fourth quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock worth $476,000 after buying an additional 70 shares in the last quarter. Osprey Private Wealth LLC boosted its position in shares of PepsiCo by 0.5% during the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock worth $2,290,000 after acquiring an additional 70 shares during the last quarter. Finally, TAGStone Capital Inc. increased its holdings in PepsiCo by 2.8% in the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after acquiring an additional 70 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Up 2.0 %

Shares of PepsiCo stock traded up $2.75 on Friday, hitting $142.84. 6,052,161 shares of the company traded hands, compared to its average volume of 6,108,149. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company has a market cap of $195.88 billion, a PE ratio of 20.55, a PEG ratio of 3.09 and a beta of 0.49. The stock's 50 day moving average price is $148.22 and its 200-day moving average price is $155.14. PepsiCo, Inc. has a 52 week low of $138.33 and a 52 week high of $183.41.

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

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a $1.355 dividend. 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 presently 77.99%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays lowered PepsiCo from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $168.00 to $156.00 in a research note on Tuesday, March 18th. HSBC lowered their price objective on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. 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. Piper Sandler began coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price target for the company. Finally, BNP Paribas decreased their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, PepsiCo presently has a consensus rating of "Hold" and an average price target of $168.12.

About PepsiCo

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.