Howe & Rusling Inc. boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,722 shares of the company's stock after acquiring an additional 2,679 shares during the quarter. PepsiCo accounts for approximately 1.0% of Howe & Rusling Inc.'s holdings, making the stock its 26th largest position. Howe & Rusling Inc.'s holdings in PepsiCo were worth $11,666,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of PEP. AssuredPartners Investment Advisors LLC bought a new position in PepsiCo during the fourth quarter valued at approximately $836,000. NEOS Investment Management LLC boosted its stake in shares of PepsiCo by 14.7% in the 4th quarter. NEOS Investment Management LLC now owns 162,123 shares of the company's stock worth $24,652,000 after buying an additional 20,801 shares during the last quarter. Moment Partners LLC bought a new stake in shares of PepsiCo in the fourth quarter worth $763,000. Sava Infond d.o.o. bought a new position in PepsiCo in the fourth quarter valued at about $2,106,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in PepsiCo by 8.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,318,104 shares of the company's stock worth $346,904,000 after purchasing an additional 189,898 shares during the last quarter. Institutional investors own 73.07% of the company's stock.
PepsiCo Price Performance
PEP stock traded down $0.40 during trading on Friday, hitting $149.27. 8,549,260 shares of the company's stock traded hands, compared to its average volume of 5,875,691. The business has a fifty day simple moving average of $149.25 and a 200 day simple moving average of $158.03. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The stock has a market capitalization of $204.72 billion, a price-to-earnings ratio of 21.48, a P/E/G ratio of 3.09 and a beta of 0.52.
PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the company earned $1.78 EPS. The company's revenue for the quarter was down .2% on a year-over-year basis. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.
PepsiCo Announces Dividend
The firm also recently announced 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. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.63%. PepsiCo's dividend payout ratio is 77.99%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on PEP shares. Evercore ISI lowered their price objective on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Piper Sandler began coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price target on the stock. CICC Research restated a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft cut their price target on PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. Finally, TD Cowen lowered their price objective on PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $169.88.
Check Out Our Latest Stock Report on PepsiCo
PepsiCo Company Profile
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Free Report)
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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