Mill Creek Capital Advisors LLC Boosts Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Mill Creek Capital Advisors LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,705 shares of the company’s stock after purchasing an additional 168 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in PepsiCo were worth $1,020,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PEP. Highline Wealth Partners LLC bought a new stake in PepsiCo in the third quarter worth $28,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo during the third quarter worth $31,000. Rakuten Securities Inc. lifted its position in shares of PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares during the last quarter. Bay Harbor Wealth Management LLC bought a new stake in shares of PepsiCo during the fourth quarter worth $34,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of PepsiCo during the third quarter worth $44,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 0.2 %

Shares of PEP opened at $144.35 on Tuesday. 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, Inc. has a one year low of $141.51 and a one year high of $183.41. The stock has a market capitalization of $197.98 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 2.89 and a beta of 0.54. The stock has a 50 day moving average price of $151.42 and a 200 day moving average price of $164.06.

PepsiCo (NASDAQ:PEP) last issued its 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. The company had revenue of $27.78 billion during 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 business earned $1.78 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.75%. The ex-dividend date is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Morgan Stanley decreased their price objective on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Barclays decreased their price objective on PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Piper Sandler began coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price on the stock. Finally, Evercore ISI cut their target price on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and an average price target of $171.47.

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.