PepsiCo, Inc. (NASDAQ:PEP) Position Increased by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,737 shares of the company’s stock after buying an additional 956 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in PepsiCo were worth $4,408,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Empowered Funds LLC boosted its stake in PepsiCo by 9.2% in the 3rd quarter. Empowered Funds LLC now owns 99,785 shares of the company’s stock worth $16,968,000 after purchasing an additional 8,406 shares during the period. Assenagon Asset Management S.A. boosted its stake in PepsiCo by 104.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company’s stock worth $259,350,000 after purchasing an additional 870,451 shares during the period. Janus Henderson Group PLC boosted its stake in PepsiCo by 11.0% in the 3rd quarter. Janus Henderson Group PLC now owns 350,225 shares of the company’s stock worth $59,549,000 after purchasing an additional 34,633 shares during the period. Hudson Valley Investment Advisors Inc. ADV boosted its stake in PepsiCo by 12.8% in the 4th 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 period. Finally, IHT Wealth Management LLC boosted its stake in PepsiCo by 19.3% in the 3rd 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 currently owned by institutional investors.

PepsiCo Stock Performance

Shares of PEP opened at $145.66 on Thursday. The company has a market capitalization of $199.84 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The company’s fifty day moving average price is $152.49 and its 200 day moving average price is $164.53.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm posted $1.78 EPS. As a group, analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PEP shares. BNP Paribas cut their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. cut their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Piper Sandler started coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price for the company. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Finally, Citigroup cut their target price on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $171.76.

PepsiCo Company 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.