545 Shares in PepsiCo, Inc. (NASDAQ:PEP) Purchased by Vision Financial Markets LLC

Vision Financial Markets LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 545 shares of the company’s stock, valued at approximately $83,000.

Several other large investors have also recently added to or reduced their stakes in the business. Swedbank AB increased its stake in PepsiCo by 211.4% during the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after acquiring an additional 1,592,343 shares during the last quarter. Howard Capital Management Group LLC increased its stake in PepsiCo by 2.0% during the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after acquiring an additional 90 shares during the last quarter. Catalyst Capital Advisors LLC increased its stake in PepsiCo by 205.1% during the third quarter. Catalyst Capital Advisors LLC now owns 4,055 shares of the company’s stock worth $690,000 after acquiring an additional 2,726 shares during the last quarter. United Advisor Group LLC increased its stake in PepsiCo by 25.5% during the third quarter. United Advisor Group LLC now owns 2,625 shares of the company’s stock worth $446,000 after acquiring an additional 534 shares during the last quarter. Finally, HF Advisory Group LLC acquired a new stake in PepsiCo during the third quarter worth about $403,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wells Fargo & Company dropped their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Barclays lowered their target price on PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Citigroup lowered their target price on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Morgan Stanley lowered their price objective on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, Piper Sandler started coverage on PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and an average target price of $171.47.

PepsiCo Trading Down 0.2 %

Shares of NASDAQ PEP opened at $153.88 on Thursday. The company has a market cap of $211.05 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The stock’s 50 day simple moving average is $148.73 and its 200 day simple moving average is $161.14.

PepsiCo (NASDAQ:PEP) last announced its quarterly 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. The business had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the business posted $1.78 EPS. Equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is 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.