PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,087 shares of the company’s stock after buying an additional 277 shares during the quarter. Commonwealth Financial Services LLC’s holdings in PepsiCo were worth $621,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PEP. Rockline Wealth Management LLC lifted its stake in shares of PepsiCo by 5.0% during the 4th quarter. Rockline Wealth Management LLC now owns 18,911 shares of the company’s stock worth $2,876,000 after purchasing an additional 896 shares during the period. Flavin Financial Services Inc. purchased a new stake in shares of PepsiCo during the 4th quarter worth about $1,367,000. RBA Wealth Management LLC raised its stake in shares of PepsiCo by 1.0% in the 4th quarter. RBA Wealth Management LLC now owns 28,835 shares of the company’s stock valued at $4,385,000 after acquiring an additional 275 shares during the period. Calamos Wealth Management LLC boosted its position in PepsiCo by 939.6% during the 4th quarter. Calamos Wealth Management LLC now owns 69,723 shares of the company’s stock worth $10,602,000 after purchasing an additional 63,016 shares during the period. Finally, Calamos Advisors LLC grew its stake in shares of PepsiCo by 1.0% in the fourth quarter. Calamos Advisors LLC now owns 197,733 shares of the company’s stock valued at $30,067,000 after buying an additional 1,993 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PEP. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Piper Sandler initiated coverage on PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Finally, TD Cowen dropped their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $176.73.

PepsiCo Stock Performance

Shares of PEP stock opened at $150.27 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The stock’s fifty day simple moving average is $153.12 and its 200-day simple moving average is $164.85. The company has a market capitalization of $206.17 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 2.92 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a dividend of $1.355 per share. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.61%. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

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.