Private Wealth Partners LLC Has $6.62 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Private Wealth Partners LLC decreased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,990 shares of the company’s stock after selling 829 shares during the quarter. Private Wealth Partners LLC’s holdings in PepsiCo were worth $6,622,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Amplius Wealth Advisors LLC lifted its holdings 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 buying an additional 60 shares during the period. Darwin Wealth Management LLC raised its position 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 worth $397,000 after acquiring an additional 61 shares in the last quarter. Sugarloaf Wealth Management LLC raised its position 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 worth $411,000 after acquiring an additional 61 shares in the last quarter. Beacon Financial Advisory LLC raised its position 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 worth $362,000 after acquiring an additional 65 shares in the last quarter. Finally, Pathway Financial Advisors LLC raised its stake in PepsiCo by 4.5% during the 3rd quarter. Pathway Financial Advisors LLC now owns 1,506 shares of the company’s stock worth $255,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ PEP traded down $1.10 on Friday, hitting $175.58. 4,472,102 shares of the stock traded hands, compared to its average volume of 5,365,961. The business’s fifty day moving average is $169.40 and its two-hundred day moving average is $167.88. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88. The firm has a market capitalization of $241.39 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 2.86 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.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.09. The firm had revenue of $18.25 billion for the quarter, compared to the consensus estimate of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.50 earnings per share. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Dividend Announcement

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

Analyst Upgrades and Downgrades

PEP has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. 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. Jefferies Financial Group increased their price objective on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Wedbush reissued an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a research note on Tuesday, April 23rd. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, PepsiCo has an average rating of “Moderate Buy” and a consensus price target of $187.42.

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.