Money Concepts Capital Corp Boosts Stake in PepsiCo, Inc. (NASDAQ:PEP)

Money Concepts Capital Corp raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,807 shares of the company’s stock after buying an additional 134 shares during the quarter. Money Concepts Capital Corp’s holdings in PepsiCo were worth $4,380,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Highline Wealth Partners LLC bought a new position in PepsiCo during the third quarter valued at $28,000. Legacy Investment Solutions LLC purchased a new position in PepsiCo in the third quarter worth about $31,000. Rakuten Securities Inc. increased its stake in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares during the last quarter. Bay Harbor Wealth Management LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at approximately $34,000. Finally, ORG Wealth Partners LLC bought a new position in shares of PepsiCo during the 3rd quarter valued at approximately $44,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of PEP stock opened at $143.49 on Wednesday. The stock’s 50-day moving average is $152.86 and its 200 day moving average is $164.71. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The company has a market cap of $196.87 billion, a P/E ratio of 21.16, a PEG ratio of 2.92 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. PepsiCo’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.78 EPS. Research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s payout ratio is currently 79.94%.

Analyst Ratings Changes

PEP has been the subject of several recent analyst reports. Morgan Stanley dropped their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research note on Wednesday. UBS Group reduced their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft cut their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Evercore ISI cut their price objective on PepsiCo from $180.00 to $160.00 in a research report on Tuesday. Finally, BNP Paribas lowered their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $173.53.

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.