PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Focus Financial Network Inc.

Focus Financial Network Inc. reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.2% during the 4th quarter, HoldingsChannel reports. The firm owned 13,923 shares of the company’s stock after selling 175 shares during the quarter. Focus Financial Network Inc.’s holdings in PepsiCo were worth $2,136,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Pineridge Advisors LLC boosted its holdings in shares of PepsiCo by 57.6% during the 4th quarter. Pineridge Advisors LLC now owns 1,779 shares of the company’s stock worth $271,000 after purchasing an additional 650 shares during the last quarter. Arlington Trust Co LLC raised its position in shares of PepsiCo by 11.0% during the 4th quarter. Arlington Trust Co LLC now owns 5,218 shares of the company’s stock valued at $793,000 after buying an additional 519 shares during the period. Quilter Plc raised its position in shares of PepsiCo by 1.0% during the 4th quarter. Quilter Plc now owns 14,816 shares of the company’s stock valued at $2,253,000 after buying an additional 146 shares during the period. Wingate Wealth Advisors Inc. purchased a new stake in shares of PepsiCo during the 4th quarter valued at approximately $421,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in shares of PepsiCo during the 4th quarter valued at approximately $75,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.9 %

PepsiCo stock opened at $145.64 on Wednesday. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The stock’s fifty day simple moving average is $151.05 and its 200-day simple moving average is $163.87. The company has a current ratio of 0.82, a quick ratio of 0.70 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $199.75 billion, a P/E ratio of 20.96, a P/E/G ratio of 2.89 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data 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 business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 earnings per share. As a group, equities analysts expect that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.72%. PepsiCo’s payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PEP shares. Piper Sandler started coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target 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 on the stock in a research report on Wednesday, February 5th. Evercore ISI reduced their price target on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Wells Fargo & Company cut their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. cut their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and an average price target of $171.47.

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.