1,709 Shares in PepsiCo, Inc. (NASDAQ:PEP) Purchased by Potentia Wealth

Potentia Wealth purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,709 shares of the company's stock, valued at approximately $260,000.

Other hedge funds have also made changes to their positions in the company. PKS Advisory Services LLC purchased a new stake in PepsiCo in the fourth quarter valued at approximately $228,000. Syverson Strege & Co grew its stake in shares of PepsiCo by 24.2% during the 4th quarter. Syverson Strege & Co now owns 1,497 shares of the company's stock valued at $228,000 after buying an additional 292 shares during the period. First American Trust FSB increased its holdings in shares of PepsiCo by 55.1% during the 4th quarter. First American Trust FSB now owns 7,263 shares of the company's stock worth $1,105,000 after buying an additional 2,580 shares during the last quarter. Heritage Wealth Management Inc. CA boosted its holdings in PepsiCo by 60.4% in the fourth quarter. Heritage Wealth Management Inc. CA now owns 3,528 shares of the company's stock valued at $536,000 after acquiring an additional 1,328 shares during the last quarter. Finally, Zions Bancorporation N.A. grew its position in PepsiCo by 68.6% during the fourth quarter. Zions Bancorporation N.A. now owns 43,965 shares of the company's stock valued at $6,685,000 after acquiring an additional 17,888 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Down 0.5 %

Shares of PepsiCo stock traded down $0.69 during trading on Friday, reaching $148.98. The company had a trading volume of 4,377,892 shares, compared to its average volume of 7,120,950. The firm's fifty day moving average is $149.23 and its 200-day moving average is $158.37. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The company has a market cap of $204.33 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

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PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly 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. The company had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company's revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the firm posted $1.78 EPS. On average, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company 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 3.64%. The ex-dividend date is Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is 77.99%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PEP. UBS Group reduced their price objective on PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Barclays cut shares of PepsiCo from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $168.00 to $156.00 in a research report on Tuesday, March 18th. Piper Sandler began 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. Morgan Stanley reduced their target price on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Finally, Evercore ISI lowered their price target on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $169.88.

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.