Richwood Investment Advisors LLC Raises Stake in PepsiCo, Inc. (NASDAQ:PEP)

Richwood Investment Advisors LLC raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,817 shares of the company’s stock after purchasing an additional 82 shares during the quarter. Richwood Investment Advisors LLC’s holdings in PepsiCo were worth $885,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PEP. Collier Financial purchased a new position in shares of PepsiCo in the fourth quarter worth $28,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo in the third quarter worth $31,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo in the fourth quarter worth $30,000. Bay Harbor Wealth Management LLC purchased a new position in shares of PepsiCo in the fourth quarter worth $34,000. Finally, Human Investing LLC purchased a new position in shares of PepsiCo in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PEP shares. HSBC decreased their price target on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Evercore ISI decreased their price target on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Piper Sandler started coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target on the stock. Morgan Stanley decreased their price target on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, Barclays downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $168.00 to $156.00 in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $169.88.

PepsiCo Stock Down 1.2 %

Shares of PepsiCo stock opened at $145.45 on Friday. 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, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The firm’s 50-day moving average is $149.04 and its two-hundred day moving average is $159.09. The stock has a market cap of $199.48 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 3.09 and a beta of 0.52.

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

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

PepsiCo Company 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.