Stanich Group LLC Makes New $379,000 Investment in PepsiCo, Inc. (NASDAQ:PEP)

Stanich Group LLC purchased a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,492 shares of the company's stock, valued at approximately $379,000.

Other institutional investors also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC purchased a new position in PepsiCo in the third quarter worth approximately $28,000. Collier Financial purchased a new position in PepsiCo in the fourth quarter worth approximately $28,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo during the third quarter worth approximately $31,000. Rakuten Securities Inc. lifted its position in shares of PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company's stock worth $34,000 after buying an additional 96 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC purchased a new stake in shares of PepsiCo during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analyst Ratings Changes

PEP has been the subject of several recent analyst reports. Piper Sandler initiated 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. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. StockNews.com downgraded shares of PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Citigroup reduced their price objective on shares of PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada initiated coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price objective for the company. One 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 $171.47.

PepsiCo Price Performance

NASDAQ PEP traded up $0.76 during trading hours on Wednesday, reaching $144.86. The company's stock had a trading volume of 2,083,582 shares, compared to its average volume of 6,775,196. The stock has a market cap of $198.68 billion, a PE ratio of 20.85, a PEG ratio of 2.95 and a beta of 0.54. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The company's 50-day moving average is $149.16 and its two-hundred day moving average is $162.60. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analysts' expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm's revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company earned $1.78 EPS. Analysts forecast that PepsiCo, Inc. will post 8.34 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 yield of 3.74%. PepsiCo's payout ratio is 77.99%.

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.