Wayfinding Financial LLC Invests $371,000 in PepsiCo, Inc. (NASDAQ:PEP)

Wayfinding Financial LLC acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,424 shares of the company's stock, valued at approximately $371,000.

Other large investors have also recently modified their holdings of the company. Collier Financial purchased a new stake in PepsiCo during the 4th quarter valued at $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo during the fourth quarter valued at about $30,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo in the third quarter worth about $31,000. Bay Harbor Wealth Management LLC purchased a new position in PepsiCo during the 4th quarter valued at about $34,000. Finally, Human Investing LLC bought a new position in PepsiCo during the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Down 0.6 %

NASDAQ:PEP traded down $0.91 on Tuesday, reaching $145.54. 4,762,053 shares of the stock traded hands, compared to its average volume of 5,425,790. The company's fifty day simple moving average is $149.09 and its 200 day simple moving average is $158.50. The company has a market capitalization of $199.61 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

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PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm's revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the business earned $1.78 EPS. Equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal 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 issued a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.72%. PepsiCo's payout ratio is 77.99%.

Wall Street Analysts Forecast Growth

PEP has been the topic of several research analyst reports. Morgan Stanley reduced their target price on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Evercore ISI reduced their price objective on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Citigroup dropped 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. Barclays cut shares of PepsiCo from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $168.00 to $156.00 in a research report on Tuesday, March 18th. Finally, Piper Sandler began coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price objective for the company. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, PepsiCo has an average rating of "Hold" and an average 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.