PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Sterling Financial Planning Inc.

Sterling Financial Planning Inc. grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 18.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,181 shares of the company’s stock after purchasing an additional 496 shares during the quarter. Sterling Financial Planning Inc.’s holdings in PepsiCo were worth $484,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of PEP. Highline Wealth Partners LLC acquired a new position in PepsiCo in the third quarter valued at $28,000. Collier Financial purchased a new stake in shares of PepsiCo in the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC purchased a new position in PepsiCo during the 4th quarter worth approximately $30,000. Legacy Investment Solutions LLC purchased a new stake in PepsiCo in the third quarter valued at approximately $31,000. Finally, Rakuten Securities Inc. boosted its holdings in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after acquiring an additional 96 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the subject of several research reports. HSBC reduced their price target on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Evercore ISI decreased their target price on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft lowered their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Finally, UBS Group cut their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus price target of $171.47.

PepsiCo Trading Up 1.2 %

NASDAQ:PEP opened at $145.81 on Thursday. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The stock has a fifty day simple moving average of $149.16 and a 200-day simple moving average of $162.60. The company has a market capitalization of $199.98 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 2.95 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results 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. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the prior year, the firm earned $1.78 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities research analysts expect that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

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

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.