Etesian Wealth Advisors Inc. Trims Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Etesian Wealth Advisors Inc. lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,457 shares of the company’s stock after selling 702 shares during the period. Etesian Wealth Advisors Inc.’s holdings in PepsiCo were worth $982,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Empowered Funds LLC boosted its stake in shares of PepsiCo by 9.2% during the third quarter. Empowered Funds LLC now owns 99,785 shares of the company’s stock worth $16,968,000 after buying an additional 8,406 shares during the period. Assenagon Asset Management S.A. lifted its position in PepsiCo by 104.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company’s stock worth $259,350,000 after acquiring an additional 870,451 shares during the period. Janus Henderson Group PLC grew its stake in shares of PepsiCo by 11.0% in the 3rd quarter. Janus Henderson Group PLC now owns 350,225 shares of the company’s stock valued at $59,549,000 after purchasing an additional 34,633 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its stake in shares of PepsiCo by 12.8% during the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company’s stock worth $6,323,000 after purchasing an additional 4,712 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its holdings in shares of PepsiCo by 19.3% during the third quarter. IHT Wealth Management LLC now owns 32,267 shares of the company’s stock worth $5,493,000 after purchasing an additional 5,220 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

PEP stock opened at $145.66 on Thursday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The stock’s 50 day moving average price is $152.49 and its 200 day moving average price is $164.53. The firm has a market cap of $199.84 billion, a P/E ratio of 21.48, a PEG ratio of 2.92 and a beta of 0.54. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS 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 analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. During the same quarter last year, the business posted $1.78 EPS. The firm’s quarterly revenue was down .2% compared to the same quarter last year. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.72%. PepsiCo’s payout ratio is currently 79.94%.

Wall Street Analysts Forecast Growth

PEP has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. HSBC lowered their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday. Evercore ISI cut their target price on PepsiCo from $180.00 to $160.00 in a research note on Tuesday. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Finally, Piper Sandler initiated coverage on PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price for the company. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.