NewEdge Advisors LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 194,683 shares of the company's stock after selling 2,620 shares during the period. NewEdge Advisors LLC's holdings in PepsiCo were worth $29,603,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEP. Tcfg Wealth Management LLC grew its holdings in PepsiCo by 3.5% in the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock worth $295,000 after buying an additional 66 shares in the last quarter. Lincoln Capital LLC boosted its stake in PepsiCo by 0.4% during the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock valued at $2,556,000 after buying an additional 70 shares in the last quarter. Marshall Financial Group LLC grew its stake in shares of PepsiCo by 2.3% in the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock worth $476,000 after purchasing an additional 70 shares during the last quarter. Osprey Private Wealth LLC boosted its holdings in PepsiCo by 0.5% during the fourth 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 in the last quarter. Finally, TAGStone Capital Inc. raised its position 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 purchasing an additional 70 shares during the period. Institutional investors own 73.07% of the company's stock.
Wall Street Analyst Weigh In
PEP has been the topic of several recent analyst reports. Barclays lowered PepsiCo from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $168.00 to $156.00 in a research report on Tuesday, March 18th. Deutsche Bank Aktiengesellschaft cut their price objective on PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. JPMorgan Chase & Co. dropped their target price on PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. StockNews.com cut PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Evercore ISI cut their price objective on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $168.12.
Read Our Latest Research Report on PepsiCo
PepsiCo Stock Performance
PEP traded up $2.75 during midday trading on Friday, reaching $142.84. The company's stock had a trading volume of 6,052,161 shares, compared to its average volume of 6,110,283. PepsiCo, Inc. has a twelve month low of $138.33 and a twelve month high of $183.41. The stock has a market cap of $195.88 billion, a P/E ratio of 20.55, a PEG ratio of 3.09 and a beta of 0.49. The company has a fifty day simple moving average of $148.16 and a 200 day simple moving average of $154.94. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.
PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company's quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.78 earnings per share. Research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.79%. PepsiCo's payout ratio is 77.99%.
PepsiCo Profile
(
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.
Featured Articles
Before you consider PepsiCo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PepsiCo wasn't on the list.
While PepsiCo currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
