PepsiCo, Inc. (NASDAQ:PEP) Stock Position Raised by Apriem Advisors

Apriem Advisors boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.7% during the 4th quarter, HoldingsChannel reports. The firm owned 4,155 shares of the company’s stock after buying an additional 262 shares during the quarter. Apriem Advisors’ holdings in PepsiCo were worth $632,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC acquired a new stake in PepsiCo during the third quarter valued at $28,000. Collier Financial acquired a new stake in shares of PepsiCo during the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo in the fourth quarter worth approximately $30,000. Legacy Investment Solutions LLC bought a new position in PepsiCo during the third quarter valued at approximately $31,000. Finally, Rakuten Securities Inc. grew its position in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PEP shares. Evercore ISI reduced their price objective on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. HSBC decreased their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Barclays cut their price objective on PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Piper Sandler started coverage on PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price for the company. Finally, BNP Paribas dropped their price target on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. One 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 data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $171.47.

PepsiCo Trading Down 3.1 %

Shares of PEP opened at $151.51 on Thursday. The stock’s 50-day moving average price is $148.56 and its 200 day moving average price is $161.80. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $207.80 billion, a price-to-earnings ratio of 21.80, a P/E/G ratio of 3.09 and a beta of 0.54. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41.

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.58%. PepsiCo’s dividend payout ratio (DPR) is currently 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.