Buckingham Capital Management Inc. Acquires 1,832 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Buckingham Capital Management Inc. lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 50,211 shares of the company’s stock after purchasing an additional 1,832 shares during the period. Buckingham Capital Management Inc.’s holdings in PepsiCo were worth $7,635,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Hudson Canyon Capital Management lifted its position in shares of PepsiCo by 35.4% in the fourth quarter. Hudson Canyon Capital Management now owns 13,550 shares of the company’s stock worth $2,060,000 after purchasing an additional 3,543 shares in the last quarter. GAM Holding AG bought a new stake in shares of PepsiCo in the fourth quarter worth $1,069,000. CIBC Asset Management Inc lifted its position in shares of PepsiCo by 2.2% in the fourth quarter. CIBC Asset Management Inc now owns 546,123 shares of the company’s stock worth $83,043,000 after purchasing an additional 11,516 shares in the last quarter. Human Investing LLC bought a new stake in shares of PepsiCo in the fourth quarter worth $39,000. Finally, NTV Asset Management LLC lifted its position in shares of PepsiCo by 3.1% in the fourth quarter. NTV Asset Management LLC now owns 37,440 shares of the company’s stock worth $5,693,000 after purchasing an additional 1,127 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.8 %

PEP stock opened at $143.39 on Tuesday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.70 and a current ratio of 0.82. The company’s 50-day simple moving average is $149.80 and its 200 day simple moving average is $163.06. 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 $196.66 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the prior year, the company posted $1.78 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.34 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. Shareholders of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.78%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

Analyst Ratings Changes

Several research firms have issued reports on PEP. Wells Fargo & Company dropped their price target on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Piper Sandler began coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target on the stock. UBS Group dropped their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, Barclays dropped their price target on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $171.47.

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.