Ipsen Advisor Group LLC Buys Shares of 3,090 PepsiCo, Inc. (NASDAQ:PEP)

Ipsen Advisor Group LLC purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,090 shares of the company’s stock, valued at approximately $470,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PEP. Collier Financial acquired a new position in PepsiCo during the fourth quarter worth $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo during the fourth quarter worth about $30,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo in the 3rd quarter valued at about $31,000. Bay Harbor Wealth Management LLC purchased a new position in shares of PepsiCo during the fourth quarter worth about $34,000. Finally, Human Investing LLC acquired a new stake in PepsiCo during the 4th quarter worth $39,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PEP has been the topic of several research analyst reports. Citigroup decreased their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Piper Sandler began coverage on shares of PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target for the company. Wells Fargo & Company reduced their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. JPMorgan Chase & Co. cut their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Finally, Barclays cut PepsiCo from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $168.00 to $156.00 in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo has a consensus rating of “Hold” and an average price target of $169.88.

PepsiCo Trading Down 0.6 %

NASDAQ PEP opened at $145.54 on Wednesday. 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 firm has a market capitalization of $199.61 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The business’s 50-day moving average price is $149.09 and its two-hundred day moving average price is $158.50.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping 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 firm 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 company’s revenue for the quarter was down .2% compared to the same quarter last year. On average, 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 will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend is Friday, March 7th. 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.