PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Guardian Wealth Management Inc.

Guardian Wealth Management Inc. lowered its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 18.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 12,495 shares of the company's stock after selling 2,805 shares during the period. PepsiCo accounts for approximately 1.3% of Guardian Wealth Management Inc.'s portfolio, making the stock its 28th biggest holding. Guardian Wealth Management Inc.'s holdings in PepsiCo were worth $1,900,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PEP. Tcfg Wealth Management LLC lifted its stake in 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 purchasing an additional 66 shares in the last quarter. Lincoln Capital LLC raised its position in PepsiCo by 0.4% in the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock valued at $2,556,000 after purchasing an additional 70 shares during the last quarter. Marshall Financial Group LLC boosted its stake in shares of PepsiCo by 2.3% during the fourth quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock worth $476,000 after buying an additional 70 shares during the period. Osprey Private Wealth LLC increased its holdings in shares of PepsiCo by 0.5% in the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock valued at $2,290,000 after purchasing an additional 70 shares during the period. Finally, TAGStone Capital Inc. lifted its stake in shares of PepsiCo by 2.8% in the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock worth $388,000 after acquiring an additional 70 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PEP shares. HSBC reduced 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. Wells Fargo & Company lowered their price objective on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Barclays downgraded PepsiCo from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $168.00 to $156.00 in a report on Tuesday, March 18th. Bank of America reissued a "neutral" rating and issued a $155.00 price objective (down previously from $185.00) on shares of PepsiCo in a research report on Tuesday, April 15th. Finally, Piper Sandler started coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $165.50.

PepsiCo Stock Performance

PepsiCo stock opened at $142.27 on Thursday. PepsiCo, Inc. has a 1 year low of $138.33 and a 1 year high of $183.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The company has a market capitalization of $195.09 billion, a P/E ratio of 20.47, a P/E/G ratio of 3.09 and a beta of 0.49. The business has a 50 day moving average of $148.07 and a 200-day moving average of $154.40.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $27.89 billion. During the same quarter in the previous year, the firm posted $1.78 earnings per share. PepsiCo's revenue for the quarter was down .2% on a year-over-year basis. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.81%. PepsiCo's dividend payout ratio (DPR) is currently 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.

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