2,424 Shares in PepsiCo, Inc. (NASDAQ:PEP) Purchased by Wayfinding Financial LLC

Wayfinding Financial LLC purchased a new position in PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, Holdings Channel reports. The fund purchased 2,424 shares of the company’s stock, valued at approximately $371,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lee Danner & Bass Inc. boosted its holdings in shares of PepsiCo by 4.6% in the 4th quarter. Lee Danner & Bass Inc. now owns 16,589 shares of the company’s stock worth $2,522,000 after buying an additional 732 shares during the last quarter. Loudon Investment Management LLC boosted its position in PepsiCo by 6.5% during the fourth quarter. Loudon Investment Management LLC now owns 9,309 shares of the company’s stock worth $1,416,000 after purchasing an additional 565 shares during the period. HUB Investment Partners LLC boosted its position in PepsiCo by 3.5% during the fourth quarter. HUB Investment Partners LLC now owns 21,908 shares of the company’s stock worth $3,331,000 after purchasing an additional 738 shares during the period. OLD Point Trust & Financial Services N A boosted its position in PepsiCo by 0.6% during the fourth quarter. OLD Point Trust & Financial Services N A now owns 52,613 shares of the company’s stock worth $8,000,000 after purchasing an additional 305 shares during the period. Finally, Symmetry Partners LLC bought a new position in PepsiCo during the fourth quarter worth about $255,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PEP. Evercore ISI cut their target price on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Piper Sandler started coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price for the company. BNP Paribas cut their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group lowered shares of PepsiCo from a “buy” rating to a “hold” rating and cut their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $169.88.

PepsiCo Trading Down 0.6 %

Shares of PEP opened at $147.15 on Friday. The firm’s 50 day simple moving average is $148.98 and its 200 day simple moving average is $159.41. The company has a market capitalization of $201.82 billion, a P/E ratio of 21.17, a P/E/G ratio of 3.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the firm posted $1.78 earnings per share. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share 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 paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 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.