PepsiCo, Inc. (NASDAQ:PEP) Stock Position Decreased by Mather Group LLC.

Mather Group LLC. trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,613 shares of the company’s stock after selling 315 shares during the period. Mather Group LLC.’s holdings in PepsiCo were worth $1,614,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Newton One Investments LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at $92,000. Welch Group LLC lifted its stake in PepsiCo by 0.9% in the 4th quarter. Welch Group LLC now owns 315,840 shares of the company’s stock worth $47,919,000 after acquiring an additional 2,729 shares in the last quarter. Brown Lisle Cummings Inc. boosted its position in PepsiCo by 15.1% during the 4th quarter. Brown Lisle Cummings Inc. now owns 8,847 shares of the company’s stock worth $1,345,000 after acquiring an additional 1,160 shares during the period. Commonwealth Financial Services LLC increased its holdings in shares of PepsiCo by 7.3% in the 4th quarter. Commonwealth Financial Services LLC now owns 4,087 shares of the company’s stock valued at $621,000 after purchasing an additional 277 shares during the period. Finally, Rockline Wealth Management LLC lifted its position in shares of PepsiCo by 5.0% in the fourth quarter. Rockline Wealth Management LLC now owns 18,911 shares of the company’s stock worth $2,876,000 after purchasing an additional 896 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

PEP has been the topic of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Piper Sandler began coverage on PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. UBS Group dropped their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Evercore ISI lowered their price target on PepsiCo from $180.00 to $160.00 in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft cut their price objective 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and a consensus price target of $174.53.

PepsiCo Stock Performance

PEP opened at $143.49 on Wednesday. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The firm has a market capitalization of $196.87 billion, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. The stock’s 50 day moving average price is $152.86 and its two-hundred day moving average price is $164.71. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The firm had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same period in the prior year, the company earned $1.78 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.78%. PepsiCo’s dividend payout ratio is 79.94%.

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.