PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Summit Place Financial Advisors LLC

Summit Place Financial Advisors LLC boosted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 127.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,281 shares of the company's stock after acquiring an additional 6,881 shares during the period. Summit Place Financial Advisors LLC's holdings in PepsiCo were worth $1,867,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. AMF Tjanstepension AB increased its stake in PepsiCo by 15.8% in the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company's stock valued at $50,016,000 after purchasing an additional 40,031 shares during the period. Swedbank AB increased its position in PepsiCo by 211.4% in the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company's stock valued at $398,847,000 after acquiring an additional 1,592,343 shares during the period. Howard Capital Management Group LLC raised its stake in PepsiCo by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company's stock valued at $777,000 after acquiring an additional 90 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of PepsiCo by 3.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 207,970 shares of the company's stock valued at $35,365,000 after purchasing an additional 6,334 shares during the last quarter. Finally, Koss Olinger Consulting LLC increased its holdings in shares of PepsiCo by 35.5% in the third quarter. Koss Olinger Consulting LLC now owns 2,371 shares of the company's stock valued at $403,000 after purchasing an additional 621 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of analyst reports. Evercore ISI lowered their price objective on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Barclays cut their price target on shares of PepsiCo from $158.00 to $153.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Citigroup lowered their price objective on PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. HSBC cut their target price on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. Finally, Piper Sandler began coverage on PepsiCo in a report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price objective on the stock. 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. According to data from MarketBeat.com, PepsiCo has an average rating of "Hold" and a consensus price target of $171.47.

PepsiCo Price Performance

Shares of PEP stock traded up $4.40 during trading hours on Friday, hitting $153.50. The company's stock had a trading volume of 10,586,982 shares, compared to its average volume of 6,999,466. 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 twelve month low of $141.51 and a twelve month high of $183.41. The stock has a market cap 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 business has a fifty day moving average of $148.75 and a 200-day moving average of $162.39.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $27.89 billion. During the same quarter in the prior year, the firm earned $1.78 EPS. PepsiCo's quarterly revenue was down .2% on a year-over-year basis. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.31 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued 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 3.53%. PepsiCo's dividend payout ratio (DPR) is 77.99%.

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.