Roberts Glore & Co. Inc. IL Lowers Stake in PepsiCo, Inc. (NASDAQ:PEP)

Roberts Glore & Co. Inc. IL reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,254 shares of the company’s stock after selling 713 shares during the quarter. PepsiCo accounts for approximately 1.4% of Roberts Glore & Co. Inc. IL’s investment portfolio, making the stock its 15th biggest holding. Roberts Glore & Co. Inc. IL’s holdings in PepsiCo were worth $4,752,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PEP. Swedbank AB boosted its stake in shares of PepsiCo by 211.4% during the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after acquiring an additional 1,592,343 shares in the last quarter. Howard Capital Management Group LLC raised its position in shares of PepsiCo by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after purchasing an additional 90 shares during the last quarter. AIA Group Ltd raised its position in shares of PepsiCo by 8.3% during the 3rd quarter. AIA Group Ltd now owns 3,565 shares of the company’s stock worth $606,000 after purchasing an additional 274 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of PepsiCo during the 3rd quarter worth about $83,000. Finally, Leavell Investment Management Inc. raised its position in shares of PepsiCo by 46.6% during the 3rd quarter. Leavell Investment Management Inc. now owns 27,773 shares of the company’s stock worth $4,723,000 after purchasing an additional 8,834 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Down 0.1 %

PEP stock opened at $154.44 on Friday. The firm has a market cap of $211.81 billion, a PE ratio of 22.22, a PEG ratio of 3.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm’s 50 day moving average price is $148.80 and its 200-day moving average price is $160.86. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its 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 net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter last year, the firm earned $1.78 EPS. The firm’s revenue for the quarter was down .2% on a year-over-year basis. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.51%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Morgan Stanley reduced their price target on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Barclays increased their price objective on shares of PepsiCo from $153.00 to $168.00 and gave the company an “overweight” rating in a report on Thursday. Piper Sandler started coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. HSBC cut their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Finally, Evercore ISI cut their price objective on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $172.35.

PepsiCo 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.