Atlanta Consulting Group Advisors LLC Has $503,000 Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Atlanta Consulting Group Advisors LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 56.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,306 shares of the company’s stock after selling 4,275 shares during the quarter. Atlanta Consulting Group Advisors LLC’s holdings in PepsiCo were worth $503,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PEP. Collier Financial bought a new stake in shares of PepsiCo during the 4th quarter valued at $28,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo during the 4th quarter valued at $30,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo in the 3rd quarter valued at $31,000. Bay Harbor Wealth Management LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at $34,000. Finally, Human Investing LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at $39,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 0.2 %

Shares of NASDAQ:PEP opened at $148.59 on Monday. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a market capitalization of $203.79 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company has a 50-day simple moving average of $148.76 and a 200 day simple moving average of $159.89. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

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. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same period last year, the business posted $1.78 EPS. PepsiCo’s revenue was down .2% on a year-over-year basis. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current 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 $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.65%. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Piper Sandler assumed coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. Evercore ISI lowered their price objective on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Morgan Stanley lowered 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. Royal Bank of Canada assumed coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 price objective for the company. Finally, TD Cowen lowered their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $170.59.

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.