Family Legacy Inc. Purchases 190 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Family Legacy Inc. lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,526 shares of the company’s stock after purchasing an additional 190 shares during the quarter. Family Legacy Inc.’s holdings in PepsiCo were worth $2,275,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its holdings in PepsiCo by 104.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company’s stock valued at $259,350,000 after acquiring an additional 870,451 shares during the period. Hudson Valley Investment Advisors Inc. ADV boosted its stake in shares of PepsiCo by 12.8% during the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company’s stock valued at $6,323,000 after purchasing an additional 4,712 shares during the period. Janus Henderson Group PLC grew its holdings in shares of PepsiCo by 11.0% in the third quarter. Janus Henderson Group PLC now owns 350,225 shares of the company’s stock worth $59,549,000 after purchasing an additional 34,633 shares during the last quarter. IHT Wealth Management LLC raised its holdings in PepsiCo by 19.3% during the 3rd quarter. IHT Wealth Management LLC now owns 32,267 shares of the company’s stock valued at $5,493,000 after buying an additional 5,220 shares during the last quarter. Finally, Guinness Asset Management LTD boosted its position in PepsiCo by 5.2% during the 4th quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company’s stock valued at $188,031,000 after buying an additional 61,541 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

PEP opened at $149.27 on Monday. The company’s 50-day simple moving average is $149.25 and its two-hundred day simple moving average is $157.91. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The stock has a market capitalization of $204.72 billion, a P/E ratio of 21.48, a P/E/G ratio of 3.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last issued 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. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the previous year, the company posted $1.78 earnings per share. PepsiCo’s revenue was down .2% compared to the same quarter last year. As a group, analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current 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 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 yield of 3.63%. PepsiCo’s payout ratio is presently 77.99%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. BNP Paribas dropped their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Wells Fargo & Company cut their price objective on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Evercore ISI decreased their target price on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Finally, Piper Sandler initiated 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 investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.