Motco Reduces Position in PepsiCo, Inc. (NASDAQ:PEP)

Motco reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,753 shares of the company’s stock after selling 948 shares during the quarter. Motco’s holdings in PepsiCo were worth $4,980,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Altrius Capital Management Inc grew its position in PepsiCo by 4.4% in the 4th quarter. Altrius Capital Management Inc now owns 25,979 shares of the company’s stock valued at $3,951,000 after acquiring an additional 1,096 shares during the last quarter. Pettyjohn Wood & White Inc. grew its holdings in shares of PepsiCo by 0.7% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 61,413 shares of the company’s stock worth $9,338,000 after purchasing an additional 435 shares during the last quarter. VELA Investment Management LLC increased its stake in PepsiCo by 96.0% in the 4th quarter. VELA Investment Management LLC now owns 17,517 shares of the company’s stock worth $2,664,000 after buying an additional 8,579 shares during the period. Parkside Financial Bank & Trust lifted its holdings in PepsiCo by 1.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 14,480 shares of the company’s stock valued at $2,202,000 after buying an additional 162 shares in the last quarter. Finally, Bouchey Financial Group Ltd boosted its position in PepsiCo by 6.1% in the 4th quarter. Bouchey Financial Group Ltd now owns 2,898 shares of the company’s stock valued at $442,000 after buying an additional 167 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PEP. Piper Sandler assumed coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target for the company. Royal Bank of Canada started coverage on PepsiCo in a report on Tuesday, February 4th. They issued a $172.00 target price for the company. TD Cowen dropped their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. BNP Paribas lowered their price objective 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, Barclays cut their target price on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average price target of $171.47.

PepsiCo Stock Performance

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

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $27.89 billion. During the same period last year, the business posted $1.78 earnings per share. The firm’s revenue was down .2% compared to the same quarter last year. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

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

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.