Private Advisor Group LLC lessened its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 168,126 shares of the company's stock after selling 17,052 shares during the quarter. Private Advisor Group LLC's holdings in PepsiCo were worth $25,565,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Highline Wealth Partners LLC bought a new position in PepsiCo during the 3rd quarter valued at approximately $28,000. Collier Financial bought a new position in PepsiCo during the 4th quarter valued at approximately $28,000. Legacy Investment Solutions LLC bought a new position in PepsiCo during the 3rd quarter valued at approximately $31,000. Rakuten Securities Inc. increased its position in PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company's stock valued at $34,000 after buying an additional 96 shares in the last quarter. Finally, Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo in the 4th quarter worth $30,000. Hedge funds and other institutional investors own 73.07% of the company's stock.
Analyst Ratings Changes
A number of research firms have commented on PEP. CICC Research reissued a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. UBS Group reduced their target price on PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Morgan Stanley reduced their target price on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company reduced their target price on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Finally, TD Cowen reduced their target price on PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, PepsiCo currently has a consensus rating of "Hold" and an average target price of $171.47.
Check Out Our Latest Report on PepsiCo
PepsiCo Stock Performance
NASDAQ PEP traded up $4.40 on Friday, hitting $153.50. 10,586,982 shares of the company traded hands, compared to its average volume of 6,999,466. The company has a market capitalization of $210.53 billion, a price-to-earnings ratio of 22.09, a P/E/G ratio of 3.02 and a beta of 0.54. 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's 50 day moving average price is $148.75 and its 200-day moving average price is $162.39. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41.
PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate 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%. PepsiCo's quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.78 earnings per share. Equities analysts expect that PepsiCo, Inc. will post 8.31 earnings per share for the current year.
PepsiCo Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.53%. PepsiCo's payout ratio is 77.99%.
About PepsiCo
(
Free Report)
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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