Midwest Professional Planners LTD. Sells 3,922 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Midwest Professional Planners LTD. lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 60.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,555 shares of the company’s stock after selling 3,922 shares during the quarter. Midwest Professional Planners LTD.’s holdings in PepsiCo were worth $388,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PEP. Swedbank AB lifted its holdings in shares of PepsiCo by 211.4% in the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock valued at $398,847,000 after purchasing an additional 1,592,343 shares in the last quarter. Howard Capital Management Group LLC boosted its holdings in shares of PepsiCo by 2.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after buying an additional 90 shares during the last quarter. Oak Harbor Wealth Partners LLC boosted its holdings in shares of PepsiCo by 3.3% in the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 6,461 shares of the company’s stock worth $1,099,000 after buying an additional 204 shares during the last quarter. Balboa Wealth Partners boosted its holdings in shares of PepsiCo by 2.8% in the 3rd quarter. Balboa Wealth Partners now owns 2,611 shares of the company’s stock worth $444,000 after buying an additional 72 shares during the last quarter. Finally, Intellectus Partners LLC boosted its holdings in shares of PepsiCo by 23.4% in the 3rd quarter. Intellectus Partners LLC now owns 9,722 shares of the company’s stock worth $1,653,000 after buying an additional 1,843 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Up 0.2 %

PEP stock opened at $148.59 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company’s 50 day moving average is $148.76 and its 200 day moving average is $160.10. The stock has a market cap of $203.79 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41.

PepsiCo (NASDAQ:PEP) last posted 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 for 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%. PepsiCo’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.78 earnings per share. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 3.65%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is currently 77.99%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PEP shares. Piper Sandler started coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target on the stock. Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and dropped their price objective for the company from $171.00 to $170.00 in a report on Wednesday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Barclays upped their price objective on shares of PepsiCo from $153.00 to $168.00 and gave the company an “overweight” rating in a report on Thursday, March 6th. Finally, Morgan Stanley dropped their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $170.59.

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.