PepsiCo, Inc. (NASDAQ:PEP) Stock Position Reduced by Investment House LLC

Investment House LLC lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 23.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,633 shares of the company’s stock after selling 9,182 shares during the period. Investment House LLC’s holdings in PepsiCo were worth $4,658,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd lifted its holdings in PepsiCo by 27.6% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 80,745 shares of the company’s stock worth $12,184,000 after buying an additional 17,474 shares during the last quarter. Stokes Family Office LLC lifted its holdings in shares of PepsiCo by 3.3% in the 4th quarter. Stokes Family Office LLC now owns 33,411 shares of the company’s stock worth $5,081,000 after purchasing an additional 1,065 shares during the last quarter. West Tower Group LLC lifted its holdings in shares of PepsiCo by 50.0% in the 4th quarter. West Tower Group LLC now owns 2,400 shares of the company’s stock worth $365,000 after purchasing an additional 800 shares during the last quarter. VSM Wealth Advisory LLC bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $115,000. Finally, Brooklyn FI LLC bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $259,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $148.99 on Wednesday. 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 market capitalization of $204.34 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 3.09 and a beta of 0.52. The stock’s fifty day simple moving average is $148.94 and its 200 day simple moving average is $159.58. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) 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 analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.78 EPS. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Analysts Set New Price Targets

Several analysts recently issued reports on PEP shares. JPMorgan Chase & Co. cut their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Royal Bank of Canada assumed coverage on PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 target price on the stock. UBS Group cut their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Piper Sandler assumed coverage on PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. Finally, StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $169.88.

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.