Investment Partners LTD. Trims Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Investment Partners LTD. decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,913 shares of the company’s stock after selling 193 shares during the period. Investment Partners LTD.’s holdings in PepsiCo were worth $1,853,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PEP. Amplius Wealth Advisors LLC lifted its position in PepsiCo by 2.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after acquiring an additional 60 shares during the period. Darwin Wealth Management LLC lifted its holdings in shares of PepsiCo by 2.7% in the 3rd quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after buying an additional 61 shares during the period. Sugarloaf Wealth Management LLC lifted its holdings in shares of PepsiCo by 2.6% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock valued at $411,000 after buying an additional 61 shares during the period. Beacon Financial Advisory LLC lifted its holdings in shares of PepsiCo by 3.1% in the 3rd quarter. Beacon Financial Advisory LLC now owns 2,135 shares of the company’s stock valued at $362,000 after buying an additional 65 shares during the period. Finally, Pathway Financial Advisors LLC lifted its holdings in shares of PepsiCo by 4.5% in the 3rd quarter. Pathway Financial Advisors LLC now owns 1,506 shares of the company’s stock valued at $255,000 after buying an additional 65 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on PEP. Wedbush reissued an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a report on Tuesday. JPMorgan Chase & Co. raised their price target on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a report on Wednesday. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research note on Monday, March 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a research note on Monday, February 12th. Finally, Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and raised their price objective for the company from $180.00 to $195.00 in a research note on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.42.

PepsiCo Trading Down 0.6 %

PepsiCo stock traded down $1.10 during midday trading on Friday, reaching $175.58. The stock had a trading volume of 4,472,102 shares, compared to its average volume of 5,365,961. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The stock has a market capitalization of $241.39 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 2.88 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The stock’s 50-day simple moving average is $169.40 and its 200 day simple moving average is $167.86.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. During the same quarter last year, the firm earned $1.50 earnings per share. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Analysts expect that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio is presently 76.09%.

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.