PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Bedel Financial Consulting Inc.

Bedel Financial Consulting Inc. decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,351 shares of the company’s stock after selling 129 shares during the quarter. Bedel Financial Consulting Inc.’s holdings in PepsiCo were worth $1,799,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Gryphon Financial Partners LLC boosted its position in shares of PepsiCo by 5.9% during the 4th quarter. Gryphon Financial Partners LLC now owns 9,461 shares of the company’s stock worth $1,439,000 after acquiring an additional 523 shares in the last quarter. Kelly Financial Group LLC purchased a new stake in PepsiCo during the fourth quarter worth approximately $380,000. Auxano Advisors LLC boosted its holdings in PepsiCo by 9.0% in the fourth quarter. Auxano Advisors LLC now owns 6,266 shares of the company’s stock valued at $953,000 after purchasing an additional 516 shares in the last quarter. Grandfield & Dodd LLC increased its stake in PepsiCo by 1.3% in the fourth quarter. Grandfield & Dodd LLC now owns 16,794 shares of the company’s stock valued at $2,554,000 after purchasing an additional 217 shares during the last quarter. Finally, Fidelis Capital Partners LLC lifted its position in PepsiCo by 9.6% in the fourth quarter. Fidelis Capital Partners LLC now owns 13,052 shares of the company’s stock valued at $1,961,000 after acquiring an additional 1,147 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 1.6 %

Shares of PepsiCo stock opened at $155.99 on Tuesday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The business has a 50-day moving average of $148.68 and a 200-day moving average of $161.33. The company has a market capitalization of $213.94 billion, a PE ratio of 22.44, a P/E/G ratio of 3.09 and a beta of 0.54. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the business earned $1.78 EPS. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 3.47%. The ex-dividend date is Friday, March 7th. PepsiCo’s payout ratio is currently 77.99%.

Analyst Ratings Changes

A number of research firms have recently commented on PEP. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Piper Sandler began coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target for the company. HSBC decreased their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Evercore ISI decreased their price objective on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Finally, Morgan Stanley cut their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. 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 stock. Based on data from MarketBeat, the stock has a consensus 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.