Lake Street Advisors Group LLC Buys 5,750 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Lake Street Advisors Group LLC raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 35.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,854 shares of the company's stock after acquiring an additional 5,750 shares during the period. Lake Street Advisors Group LLC's holdings in PepsiCo were worth $3,354,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PEP. State Street Corp lifted its stake in shares of PepsiCo by 5.1% in the third quarter. State Street Corp now owns 57,268,030 shares of the company's stock valued at $9,738,429,000 after buying an additional 2,775,679 shares during the period. Franklin Resources Inc. lifted its stake in shares of PepsiCo by 21.1% in the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock valued at $2,293,049,000 after buying an additional 2,264,445 shares during the period. Swedbank AB lifted its stake in shares of PepsiCo by 211.4% in the third quarter. Swedbank AB now owns 2,345,467 shares of the company's stock valued at $398,847,000 after buying an additional 1,592,343 shares during the period. Van ECK Associates Corp lifted its stake in shares of PepsiCo by 360.0% in the fourth quarter. Van ECK Associates Corp now owns 1,697,742 shares of the company's stock valued at $258,158,000 after buying an additional 1,328,672 shares during the period. Finally, Vontobel Holding Ltd. lifted its stake in shares of PepsiCo by 62.4% in the fourth quarter. Vontobel Holding Ltd. now owns 3,014,101 shares of the company's stock valued at $458,324,000 after buying an additional 1,157,835 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

Shares of PepsiCo stock traded up $1.45 during midday trading on Friday, reaching $153.47. The company had a trading volume of 8,453,377 shares, compared to its average volume of 7,151,838. 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 capitalization of $210.48 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 3.09 and a beta of 0.54. The stock has a fifty day simple moving average of $148.59 and a 200 day simple moving average of $161.60. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly 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. The business had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $1.78 earnings per share. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm 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 is Friday, March 7th. PepsiCo's dividend payout ratio is presently 77.99%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Piper Sandler assumed coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price target for the company. UBS Group dropped their price target on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Evercore ISI dropped their price target on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Finally, HSBC dropped their price target 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. 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. Based on data from MarketBeat.com, PepsiCo has an average rating of "Hold" and a consensus price target of $171.47.

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.