Tower View Wealth Management LLC Has $2.32 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Tower View Wealth Management LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,267 shares of the company’s stock after selling 156 shares during the quarter. Tower View Wealth Management LLC’s holdings in PepsiCo were worth $2,322,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sherman Asset Management Inc. bought a new stake in shares of PepsiCo during the 4th quarter worth $185,000. Onefund LLC boosted its holdings in shares of PepsiCo by 2.8% during the 4th quarter. Onefund LLC now owns 3,710 shares of the company’s stock worth $564,000 after buying an additional 101 shares during the period. Nixon Peabody Trust Co. boosted its holdings in shares of PepsiCo by 0.4% during the 4th quarter. Nixon Peabody Trust Co. now owns 88,639 shares of the company’s stock worth $13,478,000 after buying an additional 354 shares during the period. Richard W. Paul & Associates LLC boosted its holdings in shares of PepsiCo by 9.5% during the 4th quarter. Richard W. Paul & Associates LLC now owns 4,811 shares of the company’s stock worth $732,000 after buying an additional 418 shares during the period. Finally, Metis Global Partners LLC boosted its holdings in shares of PepsiCo by 2.9% during the 4th quarter. Metis Global Partners LLC now owns 68,296 shares of the company’s stock worth $10,385,000 after buying an additional 1,924 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. TD Cowen decreased their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. BNP Paribas reduced their price target on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. 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 report on Tuesday, February 4th. Citigroup reduced their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Finally, Piper Sandler assumed coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target for the company. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $171.47.

PepsiCo Price Performance

NASDAQ:PEP opened at $153.47 on Friday. The company has a market capitalization of $210.48 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 3.09 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The company has a 50-day moving average of $148.59 and a 200-day moving average of $161.53. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41.

PepsiCo (NASDAQ:PEP) last announced 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 during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the company posted $1.78 EPS. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

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 given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) 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.