PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 9.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,365 shares of the company’s stock after acquiring an additional 8,953 shares during the quarter. Anchor Capital Advisors LLC’s holdings in PepsiCo were worth $15,414,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Shoker Investment Counsel Inc. raised its position in shares of PepsiCo by 0.6% in the 4th quarter. Shoker Investment Counsel Inc. now owns 21,797 shares of the company’s stock worth $3,315,000 after buying an additional 137 shares during the period. Van Cleef Asset Management Inc raised its holdings in shares of PepsiCo by 0.7% in the 4th quarter. Van Cleef Asset Management Inc now owns 85,678 shares of the company’s stock worth $13,028,000 after purchasing an additional 594 shares during the period. Fort Sheridan Advisors LLC lifted its stake in shares of PepsiCo by 14.6% in the 4th quarter. Fort Sheridan Advisors LLC now owns 7,576 shares of the company’s stock valued at $1,152,000 after purchasing an additional 967 shares in the last quarter. CORDA Investment Management LLC. grew its holdings in shares of PepsiCo by 0.8% during the 4th quarter. CORDA Investment Management LLC. now owns 269,595 shares of the company’s stock worth $40,995,000 after purchasing an additional 2,062 shares during the period. Finally, Versor Investments LP acquired a new stake in PepsiCo during the 4th quarter worth approximately $684,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Up 0.3 %

PEP opened at $152.02 on Friday. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a market capitalization of $208.50 billion, a PE ratio of 21.87, a P/E/G ratio of 3.09 and a beta of 0.54. The firm’s fifty day moving average price is $148.57 and its 200 day moving average price is $161.73.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion for 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 company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.78 EPS. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.57%. PepsiCo’s payout ratio is 77.99%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Piper Sandler started coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. BNP Paribas cut their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. UBS Group decreased their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Finally, CICC Research reiterated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and an average price target of $171.47.

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.