New Age Alpha Advisors LLC Increases Holdings in PepsiCo, Inc. (NASDAQ:PEP)

New Age Alpha Advisors LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 18,688.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,540 shares of the company's stock after acquiring an additional 19,436 shares during the period. New Age Alpha Advisors LLC's holdings in PepsiCo were worth $2,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in PEP. Assenagon Asset Management S.A. grew its position in shares of PepsiCo by 104.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company's stock valued at $259,350,000 after purchasing an additional 870,451 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its position in shares of PepsiCo by 12.8% during the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company's stock valued at $6,323,000 after buying an additional 4,712 shares during the period. Janus Henderson Group PLC lifted its holdings in PepsiCo by 11.0% in the third quarter. Janus Henderson Group PLC now owns 350,225 shares of the company's stock valued at $59,549,000 after acquiring an additional 34,633 shares during the last quarter. IHT Wealth Management LLC increased its stake in PepsiCo by 19.3% during the third quarter. IHT Wealth Management LLC now owns 32,267 shares of the company's stock worth $5,493,000 after acquiring an additional 5,220 shares during the last quarter. Finally, Guinness Asset Management LTD raised its position in PepsiCo by 5.2% in the fourth quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company's stock valued at $188,031,000 after purchasing an additional 61,541 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

PEP has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Piper Sandler began coverage on PepsiCo in a research note on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price target on the stock. Barclays cut PepsiCo from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $168.00 to $156.00 in a report on Tuesday, March 18th. CICC Research restated a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $169.88.

PepsiCo Price Performance

PepsiCo stock traded down $0.76 during trading hours on Wednesday, hitting $148.92. The stock had a trading volume of 1,574,317 shares, compared to its average volume of 7,137,003. The stock has a market capitalization of $204.24 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 3.09 and a beta of 0.52. 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 stock's fifty day moving average is $149.30 and its two-hundred day moving average is $157.52.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion during the quarter, compared to analysts' expectations of $27.89 billion. During the same quarter in the previous year, the business posted $1.78 earnings per share. The firm's quarterly revenue was down .2% compared to the same quarter last year. As a group, analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.64%. PepsiCo's dividend payout ratio (DPR) is 77.99%.

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.