Mission Wealth Management LP Sells 2,750 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Mission Wealth Management LP lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 11.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,436 shares of the company’s stock after selling 2,750 shares during the period. Mission Wealth Management LP’s holdings in PepsiCo were worth $3,108,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Auxano Advisors LLC raised its stake in shares of PepsiCo by 9.0% during the fourth quarter. Auxano Advisors LLC now owns 6,266 shares of the company’s stock worth $953,000 after acquiring an additional 516 shares in the last quarter. Grandfield & Dodd LLC raised its position in PepsiCo by 1.3% in the 4th quarter. Grandfield & Dodd LLC now owns 16,794 shares of the company’s stock worth $2,554,000 after purchasing an additional 217 shares during the period. Fidelis Capital Partners LLC lifted its stake in PepsiCo by 9.6% in the fourth quarter. Fidelis Capital Partners LLC now owns 13,052 shares of the company’s stock worth $1,961,000 after purchasing an additional 1,147 shares during the last quarter. Investment Partners LTD. boosted its position in PepsiCo by 2.7% during the fourth quarter. Investment Partners LTD. now owns 11,021 shares of the company’s stock valued at $1,676,000 after buying an additional 289 shares during the period. Finally, Alesco Advisors LLC grew its stake in shares of PepsiCo by 3.8% during the fourth quarter. Alesco Advisors LLC now owns 2,907 shares of the company’s stock valued at $442,000 after buying an additional 107 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $155.99 on Tuesday. 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 $213.94 billion, a P/E ratio of 22.44, a P/E/G ratio of 3.09 and a beta of 0.54. 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 business has a fifty day simple moving average of $148.68 and a two-hundred day simple moving average of $161.33.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results 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 net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same period last year, the company posted $1.78 EPS. PepsiCo’s revenue was down .2% on a year-over-year basis. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PEP shares. JPMorgan Chase & Co. dropped their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, January 24th. 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. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Wells Fargo & Company dropped their price target on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, BNP Paribas decreased their price objective 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 issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $171.47.

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.