United Capital Financial Advisors LLC Has $49.21 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

United Capital Financial Advisors LLC decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 12.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 323,642 shares of the company's stock after selling 47,097 shares during the quarter. United Capital Financial Advisors LLC's holdings in PepsiCo were worth $49,213,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of PEP. Vanguard Group Inc. boosted its stake in PepsiCo by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock worth $20,280,471,000 after purchasing an additional 1,376,133 shares during the period. Geode Capital Management LLC increased its stake in shares of PepsiCo by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock worth $4,717,069,000 after acquiring an additional 582,254 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in PepsiCo by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after purchasing an additional 3,856,193 shares in the last quarter. Norges Bank purchased a new position in PepsiCo in the fourth quarter worth $2,729,565,000. Finally, Bank of New York Mellon Corp grew its stake in shares of PepsiCo by 5.2% during the 4th quarter. Bank of New York Mellon Corp now owns 14,013,158 shares of the company's stock worth $2,130,841,000 after purchasing an additional 689,383 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

NASDAQ:PEP traded up $2.75 during midday trading on Friday, hitting $142.84. 6,052,161 shares of the stock were exchanged, compared to its average volume of 6,108,149. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The business has a 50-day moving average price of $148.22 and a two-hundred day moving average price of $155.14. PepsiCo, Inc. has a one year low of $138.33 and a one year high of $183.41. The company has a market capitalization of $195.88 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 3.09 and a beta of 0.49.

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. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.79%. PepsiCo's dividend payout ratio is currently 77.99%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PEP. Wells Fargo & Company decreased their target price on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. CICC Research reissued a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. Morgan Stanley dropped 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 note on Wednesday, February 5th. Piper Sandler initiated coverage on PepsiCo in a research note on Tuesday, January 7th. They set an "overweight" rating and a $171.00 target price for the company. Finally, TD Cowen reduced 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. One 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.com, the company currently has a consensus rating of "Hold" and a consensus target price of $168.12.

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.