Knights of Columbus Asset Advisors LLC reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,144 shares of the company's stock after selling 2,539 shares during the period. PepsiCo accounts for about 0.9% of Knights of Columbus Asset Advisors LLC's investment portfolio, making the stock its 20th largest position. Knights of Columbus Asset Advisors LLC's holdings in PepsiCo were worth $13,555,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. AXQ Capital LP purchased a new stake in shares of PepsiCo in the fourth quarter valued at $1,322,000. Umpqua Bank grew its holdings in PepsiCo by 20.7% in the 4th quarter. Umpqua Bank now owns 15,927 shares of the company's stock valued at $2,309,000 after buying an additional 2,733 shares during the period. Hillsdale Investment Management Inc. lifted its holdings in shares of PepsiCo by 138.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,878 shares of the company's stock worth $286,000 after acquiring an additional 1,090 shares during the period. American Century Companies Inc. boosted its position in shares of PepsiCo by 1.8% in the fourth quarter. American Century Companies Inc. now owns 2,313,136 shares of the company's stock worth $351,735,000 after acquiring an additional 40,920 shares during the last quarter. Finally, Plancorp LLC grew its holdings in PepsiCo by 2.4% in the fourth quarter. Plancorp LLC now owns 24,612 shares of the company's stock valued at $3,743,000 after purchasing an additional 573 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
PEP has been the topic of a number of research analyst reports. Citigroup decreased their price target on shares of PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. HSBC reduced their target price on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. Piper Sandler began coverage on PepsiCo in a report on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price objective on the stock. BNP Paribas decreased their target price on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Finally, Evercore ISI cut their price target on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $169.88.
Get Our Latest Report on PepsiCo
PepsiCo Stock Up 2.1 %
PEP traded up $3.10 on Wednesday, reaching $148.64. The company's stock had a trading volume of 5,881,682 shares, compared to its average volume of 5,426,476. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The business's 50 day moving average is $149.09 and its 200 day moving average is $158.50. The stock has a market cap of $203.86 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52.
PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion during 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 business's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company earned $1.78 earnings per share. As a group, research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.
PepsiCo Announces Dividend
The business 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 $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.65%. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.
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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