Lee Financial Co Raises Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Lee Financial Co increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 6.1% during the 4th quarter, HoldingsChannel reports. The firm owned 2,757 shares of the company’s stock after buying an additional 159 shares during the period. Lee Financial Co’s holdings in PepsiCo were worth $421,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PEP. AMF Tjanstepension AB raised its position in PepsiCo by 15.8% during the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock valued at $50,016,000 after purchasing an additional 40,031 shares during the period. Swedbank AB raised its holdings in PepsiCo by 211.4% during the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock valued at $398,847,000 after buying an additional 1,592,343 shares during the period. Marshall Financial Group LLC bought a new stake in PepsiCo in the third quarter worth $520,000. Secure Asset Management LLC increased its position in PepsiCo by 58.9% during the third quarter. Secure Asset Management LLC now owns 2,691 shares of the company’s stock valued at $458,000 after acquiring an additional 997 shares during the last quarter. Finally, Howard Capital Management Group LLC raised its stake in shares of PepsiCo by 2.0% in the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after acquiring an additional 90 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.8 %

Shares of NASDAQ PEP opened at $143.39 on Friday. The business has a fifty day moving average price of $149.80 and a 200 day moving average price of $163.20. 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 2.05, a current ratio of 0.82 and a quick ratio of 0.70. The stock has a market capitalization of $196.66 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. During the same period last year, the business earned $1.78 EPS. The company’s revenue was down .2% compared to the same quarter last year. Equities research analysts expect that PepsiCo, Inc. will post 8.34 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed 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 is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.78%. PepsiCo’s payout ratio is 77.99%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Evercore ISI reduced their price objective on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Piper Sandler began coverage on PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target for the company. HSBC cut their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. 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, February 4th. Finally, Citigroup decreased their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $171.47.

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.