Bellwether Advisors LLC Makes New Investment in PepsiCo, Inc. (NASDAQ:PEP)

Bellwether Advisors LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,295 shares of the company’s stock, valued at approximately $197,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Tcfg Wealth Management LLC grew its holdings in shares of PepsiCo by 3.5% during the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock valued at $295,000 after buying an additional 66 shares in the last quarter. Lincoln Capital LLC grew its position in PepsiCo by 0.4% during the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock valued at $2,556,000 after purchasing an additional 70 shares in the last quarter. Marshall Financial Group LLC lifted its position in PepsiCo by 2.3% in the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company’s stock worth $476,000 after buying an additional 70 shares in the last quarter. Osprey Private Wealth LLC raised its holdings in shares of PepsiCo by 0.5% during the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company’s stock worth $2,290,000 after acquiring an additional 70 shares in the last quarter. Finally, TAGStone Capital Inc. grew its stake in PepsiCo by 2.8% in the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company’s stock valued at $388,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $133.38 on Monday. PepsiCo, Inc. has a one year low of $131.80 and a one year high of $183.41. The company’s fifty day moving average price is $147.70 and its 200-day moving average price is $153.66. The firm has a market capitalization of $182.91 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 3.09 and a beta of 0.49. 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 (NASDAQ:PEP) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.04). The company had revenue of $17.92 billion for the quarter, compared to analysts’ expectations of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. On average, 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PEP shares. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their price target on PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a research note on Monday, April 21st. Morgan Stanley dropped their price target on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Friday. Bank of America dropped their target price on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Piper Sandler started coverage on PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $162.00.

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.