PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Lifted by Boston Family Office LLC

Boston Family Office LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,056 shares of the company’s stock after acquiring an additional 397 shares during the quarter. Boston Family Office LLC’s holdings in PepsiCo were worth $9,132,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Collier Financial acquired a new stake in PepsiCo during the 4th quarter worth about $28,000. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo in the 4th quarter valued at approximately $28,000. Creative Capital Management Investments LLC purchased a new position in PepsiCo during the 4th quarter worth approximately $30,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo during the 4th quarter valued at $30,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo in the third quarter worth $31,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Barclays downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $168.00 to $156.00 in a research note on Tuesday, March 18th. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Evercore ISI dropped their price objective on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. BNP Paribas decreased 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, Piper Sandler initiated coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $169.88.

PepsiCo Trading Up 0.4 %

NASDAQ:PEP opened at $149.94 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company’s 50 day moving average is $149.28 and its 200-day moving average is $157.72. The firm has a market cap of $205.64 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 EPS. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo’s dividend payout ratio is currently 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.