Saybrook Capital NC Buys 2,157 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Saybrook Capital NC grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 15.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,262 shares of the company's stock after acquiring an additional 2,157 shares during the quarter. PepsiCo accounts for 0.7% of Saybrook Capital NC's holdings, making the stock its 23rd biggest position. Saybrook Capital NC's holdings in PepsiCo were worth $2,473,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in PEP. State Street Corp boosted its position in PepsiCo by 5.1% during the third quarter. State Street Corp now owns 57,268,030 shares of the company's stock valued at $9,738,429,000 after purchasing an additional 2,775,679 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of PepsiCo by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 30,497,268 shares of the company's stock worth $5,170,529,000 after purchasing an additional 543,558 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 buying an additional 3,856,193 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in PepsiCo by 5.2% during the fourth quarter. Bank of New York Mellon Corp now owns 14,013,158 shares of the company's stock worth $2,130,841,000 after buying an additional 689,383 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in PepsiCo by 21.1% during the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock worth $2,293,049,000 after acquiring an additional 2,264,445 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

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PepsiCo Price Performance

Shares of NASDAQ:PEP traded up $1.81 during midday trading on Monday, hitting $156.25. The stock had a trading volume of 10,846,951 shares, compared to its average volume of 5,468,530. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $214.30 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company's 50-day moving average price is $148.80 and its 200-day moving average price is $160.76. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two 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, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion during the quarter, compared to analysts' expectations of $27.89 billion. During the same period in the prior year, the company earned $1.78 earnings per share. The company's quarterly revenue was down .2% on a year-over-year basis. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.47%. The ex-dividend date is Friday, March 7th. PepsiCo's payout ratio is 77.99%.

Analyst Ratings Changes

PEP has been the subject of a number of recent analyst reports. HSBC cut their price objective on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. Morgan Stanley dropped their price objective on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. UBS Group reduced their target price on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Piper Sandler began coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price objective for the company. Finally, Wells Fargo & Company decreased their target price on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, PepsiCo currently has an average rating of "Hold" and an average price target of $172.35.

PepsiCo Company 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.