PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Notis McConarty Edward

Notis McConarty Edward cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 21.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,033 shares of the company’s stock after selling 2,204 shares during the period. Notis McConarty Edward’s holdings in PepsiCo were worth $1,221,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PEP. AllGen Financial Advisors Inc. boosted its stake in PepsiCo by 2.3% during the 4th quarter. AllGen Financial Advisors Inc. now owns 20,649 shares of the company’s stock valued at $3,140,000 after purchasing an additional 457 shares during the period. Prudential PLC boosted its position in shares of PepsiCo by 333.6% during the fourth quarter. Prudential PLC now owns 14,408 shares of the company’s stock worth $2,191,000 after buying an additional 11,085 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its holdings in PepsiCo by 2.9% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,058 shares of the company’s stock worth $775,000 after buying an additional 142 shares in the last quarter. Atlas Capital Advisors Inc. increased its position in PepsiCo by 9.5% in the 4th quarter. Atlas Capital Advisors Inc. now owns 1,149 shares of the company’s stock valued at $175,000 after acquiring an additional 100 shares during the period. Finally, Arete Wealth Advisors LLC raised its stake in PepsiCo by 31.0% during the 4th quarter. Arete Wealth Advisors LLC now owns 16,124 shares of the company’s stock valued at $2,447,000 after acquiring an additional 3,811 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Down 3.1 %

PepsiCo stock opened at $146.61 on Friday. The company has a 50 day moving average price of $149.33 and a 200 day moving average price of $157.21. 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, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The firm has a market capitalization of $201.05 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share 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 firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same period in the previous year, the firm earned $1.78 earnings per share. PepsiCo’s quarterly revenue was down .2% on a year-over-year basis. Research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citigroup lowered their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and dropped their price target for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Barclays cut PepsiCo from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $168.00 to $156.00 in a report on Tuesday, March 18th. Finally, Piper Sandler initiated 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. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, PepsiCo presently has an average rating of “Hold” and an average 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.