PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Trimmed by FRG Family Wealth Advisors LLC

FRG Family Wealth Advisors LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 37,832 shares of the company’s stock after selling 439 shares during the quarter. PepsiCo comprises about 1.0% of FRG Family Wealth Advisors LLC’s investment portfolio, making the stock its 22nd largest position. FRG Family Wealth Advisors LLC’s holdings in PepsiCo were worth $5,753,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in PEP. Assenagon Asset Management S.A. boosted its holdings in shares of PepsiCo by 104.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company’s stock worth $259,350,000 after acquiring an additional 870,451 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV increased its position in shares of PepsiCo by 12.8% in the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company’s stock valued at $6,323,000 after buying an additional 4,712 shares in the last quarter. Guinness Asset Management LTD increased its holdings in PepsiCo by 5.2% during the 4th quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company’s stock worth $188,031,000 after purchasing an additional 61,541 shares in the last quarter. WCM Investment Management LLC boosted its stake in shares of PepsiCo by 147.6% during the 4th quarter. WCM Investment Management LLC now owns 14,692 shares of the company’s stock worth $2,229,000 after buying an additional 8,759 shares during the last quarter. Finally, Everence Capital Management Inc. lifted its stake in PepsiCo by 48.2% in the 4th quarter. Everence Capital Management Inc. now owns 56,089 shares of the company’s stock valued at $8,529,000 after purchasing an additional 18,250 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the topic of a number of recent analyst reports. Piper Sandler started coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective on the stock. HSBC lowered their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. UBS Group cut their target price 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. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Finally, Evercore ISI cut their price target on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average price target of $169.88.

PepsiCo Price Performance

NASDAQ:PEP opened at $145.38 on Thursday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm’s fifty day moving average is $148.47 and its two-hundred day moving average is $156.13. The firm has a market cap of $199.36 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a one year low of $138.33 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the previous year, the firm posted $1.78 EPS. PepsiCo’s revenue was down .2% on a year-over-year basis. Research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.73%. PepsiCo’s dividend payout ratio is currently 77.99%.

PepsiCo 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.