87,833 Shares in PepsiCo, Inc. (NASDAQ:PEP) Purchased by Guardian Partners Inc.

Guardian Partners Inc. purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 87,833 shares of the company's stock, valued at approximately $12,871,000. PepsiCo makes up about 1.3% of Guardian Partners Inc.'s portfolio, making the stock its 22nd biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. Swedbank AB boosted its stake in shares of PepsiCo by 211.4% in the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company's stock worth $398,847,000 after buying an additional 1,592,343 shares during the last quarter. Howard Capital Management Group LLC boosted its position in PepsiCo by 2.0% in the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company's stock worth $777,000 after purchasing an additional 90 shares during the last quarter. Pacer Advisors Inc. grew its stake in PepsiCo by 7.9% in the 3rd quarter. Pacer Advisors Inc. now owns 216,856 shares of the company's stock valued at $36,876,000 after purchasing an additional 15,821 shares during the period. 49 Wealth Management LLC bought a new stake in shares of PepsiCo during the 3rd quarter worth $259,000. Finally, Allen Capital Group LLC boosted its holdings in shares of PepsiCo by 23.2% in the 3rd quarter. Allen Capital Group LLC now owns 2,361 shares of the company's stock worth $402,000 after buying an additional 445 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of PEP stock traded up $1.03 during trading hours on Thursday, hitting $149.67. 5,396,044 shares of the company's stock were exchanged, compared to its average volume of 5,428,992. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The company has a market capitalization of $205.27 billion, a PE ratio of 21.54, a PEG ratio of 3.09 and a beta of 0.52. The business's 50 day simple moving average is $149.23 and its 200-day simple moving average is $158.37. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

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PepsiCo (NASDAQ:PEP - Get Free Report) last announced 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. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion for the quarter, compared to analysts' expectations of $27.89 billion. During the same period last year, the firm earned $1.78 earnings per share. The company's revenue for the quarter was down .2% compared to the same quarter last year. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.

Analysts Set New Price Targets

Several analysts have commented on PEP shares. Barclays lowered shares of PepsiCo from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $168.00 to $156.00 in a research report on Tuesday, March 18th. StockNews.com downgraded PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Piper Sandler initiated coverage on PepsiCo in a research report on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 target price for the company. Wells Fargo & Company dropped their price target on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada began coverage on PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $169.88.

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.