StoneX Group Inc. Boosts Holdings in PepsiCo, Inc. (NASDAQ:PEP)

StoneX Group Inc. lifted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 45.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,906 shares of the company's stock after purchasing an additional 11,877 shares during the period. StoneX Group Inc.'s holdings in PepsiCo were worth $5,804,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Collier Financial acquired a new stake in PepsiCo in the fourth quarter valued at $28,000. WealthTrak Capital Management LLC acquired a new stake in PepsiCo in the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC purchased a new position in PepsiCo during the 4th quarter valued at about $30,000. Prudent Man Investment Management Inc. acquired a new position in PepsiCo during the fourth quarter worth about $30,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo in the third quarter valued at approximately $31,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Trading Down 0.2 %

Shares of PepsiCo stock traded down $0.27 during trading hours on Tuesday, reaching $149.67. The stock had a trading volume of 6,071,734 shares, compared to its average volume of 5,897,074. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The firm has a market capitalization of $205.27 billion, a price-to-earnings ratio of 21.54, a P/E/G ratio of 3.09 and a beta of 0.52. The firm has a 50 day simple moving average of $149.30 and a two-hundred day simple moving average of $157.52.

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PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion for the quarter, compared to analysts' expectations of $27.89 billion. During the same period in the previous year, the company posted $1.78 earnings per share. PepsiCo's revenue was down .2% compared to the same quarter last year. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.62%. The ex-dividend date was Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Evercore ISI cut their price objective on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. TD Cowen reduced their price objective on PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. CICC Research reiterated a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Finally, Jefferies Financial Group lowered shares of PepsiCo from a "buy" rating to a "hold" rating and cut their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and a consensus target price 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.