Wambolt & Associates LLC Has $2.51 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Wambolt & Associates LLC decreased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 23.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,471 shares of the company's stock after selling 5,155 shares during the period. Wambolt & Associates LLC's holdings in PepsiCo were worth $2,505,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Collier Financial acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $28,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo in the 3rd quarter valued at approximately $31,000. Creative Capital Management Investments LLC bought a new stake in PepsiCo during the 4th quarter valued at $30,000. Bay Harbor Wealth Management LLC bought a new position in shares of PepsiCo in the fourth quarter worth $34,000. Finally, Human Investing LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at $39,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

NASDAQ:PEP traded down $0.40 during mid-day trading on Friday, hitting $149.27. The company's stock had a trading volume of 8,549,260 shares, compared to its average volume of 5,875,691. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The stock has a fifty day moving average of $149.25 and a 200-day moving average of $158.03. The company has a market capitalization of $204.72 billion, a price-to-earnings ratio of 21.48, a P/E/G ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41.

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PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 EPS 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 business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter last year, the company earned $1.78 EPS. PepsiCo's revenue was down .2% on a year-over-year basis. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.63%. The ex-dividend date is Friday, March 7th. PepsiCo's dividend payout ratio is currently 77.99%.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of recent analyst reports. Citigroup decreased their target price 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. Wells Fargo & Company decreased their target price on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Piper Sandler started coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price target on the stock. Evercore ISI decreased their target price on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Finally, BNP Paribas decreased their price target on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, PepsiCo presently 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.