PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Michael S. Ryan Inc.

Michael S. Ryan Inc. raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,239 shares of the company’s stock after buying an additional 71 shares during the period. Michael S. Ryan Inc.’s holdings in PepsiCo were worth $340,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PEP. Global Wealth Strategies & Associates raised its position in shares of PepsiCo by 59.0% in the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after acquiring an additional 59 shares during the period. Highline Wealth Partners LLC acquired a new position in PepsiCo in the 3rd quarter worth about $28,000. Legacy Investment Solutions LLC purchased a new position in PepsiCo during the third quarter worth approximately $31,000. Rakuten Securities Inc. grew its holdings in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares during the period. Finally, Mattson Financial Services LLC acquired a new position in shares of PepsiCo during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on PEP shares. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Piper Sandler assumed coverage on shares of PepsiCo in a research report on Tuesday. They set an “overweight” rating and a $171.00 price target for the company. JPMorgan Chase & Co. cut their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Finally, Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target for the company. in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $180.64.

PepsiCo Trading Up 0.8 %

Shares of PepsiCo stock traded up $1.14 during mid-day trading on Wednesday, hitting $146.54. The stock had a trading volume of 6,485,121 shares, compared to its average volume of 6,701,425. The firm has a 50-day moving average of $158.60 and a two-hundred day moving average of $166.97. The firm has a market cap of $201.05 billion, a P/E ratio of 21.61, a price-to-earnings-growth ratio of 2.94 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12-month low of $144.56 and a 12-month high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. During the same quarter last year, the firm earned $2.25 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Sell-side analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.70%. PepsiCo’s dividend payout ratio (DPR) is currently 79.94%.

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.