PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Klingman & Associates LLC

Klingman & Associates LLC reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,358 shares of the company’s stock after selling 162 shares during the period. Klingman & Associates LLC’s holdings in PepsiCo were worth $511,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PEP. Cross Staff Investments Inc raised its holdings in PepsiCo by 0.9% in the third quarter. Cross Staff Investments Inc now owns 7,080 shares of the company’s stock valued at $1,204,000 after acquiring an additional 60 shares in the last quarter. Paulson Wealth Management Inc. raised its holdings in PepsiCo by 2.1% in the third quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company’s stock valued at $508,000 after acquiring an additional 60 shares in the last quarter. LCM Capital Management Inc raised its holdings in PepsiCo by 0.8% in the third quarter. LCM Capital Management Inc now owns 7,573 shares of the company’s stock valued at $1,288,000 after acquiring an additional 62 shares in the last quarter. Demars Financial Group LLC raised its holdings in PepsiCo by 1.1% in the third quarter. Demars Financial Group LLC now owns 5,721 shares of the company’s stock valued at $973,000 after acquiring an additional 62 shares in the last quarter. Finally, Sigma Investment Counselors Inc. raised its holdings in PepsiCo by 1.6% in the third quarter. Sigma Investment Counselors Inc. now owns 4,310 shares of the company’s stock valued at $733,000 after acquiring an additional 66 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Up 0.5 %

NASDAQ:PEP opened at $144.10 on Wednesday. The stock’s 50 day moving average price is $149.48 and its 200 day moving average price is $162.84. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The company has a market capitalization of $197.63 billion, a P/E ratio of 20.73, a P/E/G ratio of 2.95 and a beta of 0.54. 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 announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter last year, the company posted $1.78 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. On average, research analysts forecast 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 of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.76%. PepsiCo’s dividend payout ratio is 77.99%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Royal Bank of Canada initiated coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 target price for the company. Piper Sandler initiated coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price for the company. TD Cowen lowered their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Finally, Evercore ISI lowered their target price on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $171.47.

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.