Mirabella Financial Services LLP Invests $3.06 Million in PepsiCo, Inc. (NASDAQ:PEP)

Mirabella Financial Services LLP purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 20,159 shares of the company's stock, valued at approximately $3,063,000.

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

PepsiCo Price Performance

Shares of PEP traded down $6.88 during trading hours on Thursday, reaching $135.38. The stock had a trading volume of 8,030,068 shares, compared to its average volume of 6,116,258. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a 12 month low of $134.58 and a 12 month high of $183.41. The stock has a market capitalization of $185.65 billion, a PE ratio of 19.48, a PEG ratio of 3.09 and a beta of 0.49. The company's 50-day moving average is $148.07 and its two-hundred day moving average is $154.40.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.04). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. Research analysts expect 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 paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's payout ratio is currently 77.99%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PEP. Morgan Stanley lowered their price target on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. 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. Piper Sandler began coverage on PepsiCo in a research report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price target on the stock. UBS Group dropped their price objective on PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Finally, CICC Research reissued a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $165.50.

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.