Brandywine Oak Private Wealth LLC Sells 317 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Brandywine Oak Private Wealth LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 11,082 shares of the company’s stock after selling 317 shares during the quarter. Brandywine Oak Private Wealth LLC’s holdings in PepsiCo were worth $1,685,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Highline Wealth Partners LLC bought a new position in shares of PepsiCo during the 3rd quarter worth approximately $28,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo in the 3rd quarter worth approximately $31,000. Rakuten Securities Inc. raised its holdings in shares of PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares during the period. Bay Harbor Wealth Management LLC bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $34,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of PepsiCo in the 3rd quarter worth approximately $44,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 1.5 %

Shares of NASDAQ:PEP opened at $145.66 on Thursday. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The firm has a fifty day moving average of $152.49 and a 200 day moving average of $164.53. The firm has a market capitalization of $199.84 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. 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 firm posted $1.78 earnings per share. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.72%. PepsiCo’s dividend payout ratio is presently 79.94%.

Analyst Ratings Changes

PEP has been the topic of a number of research reports. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Barclays reduced their price objective on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Piper Sandler started coverage on shares of PepsiCo in a research note 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, ten have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $171.76.

PepsiCo 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.