Stonebridge Financial Group LLC Takes $610,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Stonebridge Financial Group LLC acquired a new position in PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,009 shares of the company’s stock, valued at approximately $610,000.

Several other large investors also recently added to or reduced their stakes in the business. Mill Creek Capital Advisors LLC lifted its position in PepsiCo by 2.6% during the fourth quarter. Mill Creek Capital Advisors LLC now owns 6,705 shares of the company’s stock valued at $1,020,000 after purchasing an additional 168 shares during the last quarter. Pineridge Advisors LLC raised its position in shares of PepsiCo by 57.6% during the 4th quarter. Pineridge Advisors LLC now owns 1,779 shares of the company’s stock valued at $271,000 after buying an additional 650 shares in the last quarter. Arlington Trust Co LLC grew its position in PepsiCo by 11.0% in the fourth quarter. Arlington Trust Co LLC now owns 5,218 shares of the company’s stock worth $793,000 after acquiring an additional 519 shares in the last quarter. Quilter Plc increased its stake in PepsiCo by 1.0% in the fourth quarter. Quilter Plc now owns 14,816 shares of the company’s stock valued at $2,253,000 after acquiring an additional 146 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new stake in PepsiCo during the fourth quarter valued at about $421,000. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on PEP shares. Morgan Stanley reduced their price objective on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. BNP Paribas reduced their price target on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Piper Sandler began coverage on shares of PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. Finally, Citigroup lowered their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $171.47.

PepsiCo Stock Up 0.9 %

NASDAQ:PEP opened at $145.64 on Wednesday. The firm has a 50-day simple moving average of $151.05 and a two-hundred day simple moving average of $163.87. The firm has a market cap 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, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.70 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.78 EPS. Analysts predict that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

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

PepsiCo 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.