Root Financial Partners LLC Acquires Shares of 2,969 PepsiCo, Inc. (NASDAQ:PEP)

Root Financial Partners LLC acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,969 shares of the company's stock, valued at approximately $451,000.

A number of other hedge funds have also bought and sold shares of PEP. Highline Wealth Partners LLC bought a new position in shares of PepsiCo in the third quarter worth about $28,000. Collier Financial purchased a new position in shares of PepsiCo during the fourth quarter worth approximately $28,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo during the third quarter valued at approximately $31,000. Rakuten Securities Inc. grew its stake in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company's stock worth $34,000 after purchasing an additional 96 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC bought a new stake in PepsiCo during the 4th quarter valued at $34,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

PepsiCo stock traded down $1.19 during trading hours on Monday, hitting $143.39. 4,999,823 shares of the stock traded hands, compared to its average volume of 6,619,325. The firm's 50 day moving average price is $149.80 and its 200-day moving average price is $163.06. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.70. The stock has a market capitalization of $196.66 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 2.89 and a beta of 0.54. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results 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. 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%. PepsiCo'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. As a group, equities analysts expect that PepsiCo, Inc. will post 8.34 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.78%. PepsiCo's payout ratio is 77.99%.

Analysts Set New Price Targets

PEP has been the topic of a number of research reports. Wells Fargo & Company cut 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. BNP Paribas reduced their price objective on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. TD Cowen dropped their target price on PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada assumed coverage on PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 price target for the company. Finally, Piper Sandler began coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 target price on the stock. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $171.47.

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.