Portfolio Design Labs LLC Has $3.54 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Portfolio Design Labs LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 28.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,308 shares of the company's stock after purchasing an additional 5,152 shares during the quarter. Portfolio Design Labs LLC's holdings in PepsiCo were worth $3,544,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PEP. Highline Wealth Partners LLC bought a new position in shares of PepsiCo in the third quarter worth $28,000. Collier Financial bought a new position in PepsiCo in the 4th quarter valued at about $28,000. Legacy Investment Solutions LLC acquired a new position in PepsiCo during the 3rd quarter valued at about $31,000. Rakuten Securities Inc. raised its position in shares of PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company's stock worth $34,000 after buying an additional 96 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Down 0.8 %

Shares of PEP stock traded down $1.19 on Friday, reaching $143.39. 4,999,823 shares of the company's stock traded hands, compared to its average volume of 6,619,325. The business's 50 day moving average price is $149.80 and its two-hundred day moving average price is $163.20. The company has a market capitalization of $196.66 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.70 and a current ratio of 0.82. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its 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 company had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm's quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 EPS. On average, equities analysts forecast that PepsiCo, Inc. will post 8.34 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo's dividend payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PEP. Piper Sandler assumed coverage on PepsiCo in a report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 target price on the stock. CICC Research restated a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. TD Cowen lowered their target price on PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Finally, Wells Fargo & Company lowered their price objective on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, PepsiCo currently has an average rating of "Hold" and a consensus target price of $171.47.

PepsiCo Profile

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.