Weaver Consulting Group Trims Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Weaver Consulting Group lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,792 shares of the company’s stock after selling 136 shares during the period. Weaver Consulting Group’s holdings in PepsiCo were worth $425,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Sterneck Capital Management LLC lifted its position in PepsiCo by 18.6% during the fourth quarter. Sterneck Capital Management LLC now owns 1,642 shares of the company’s stock valued at $250,000 after purchasing an additional 257 shares during the period. Innova Wealth Partners purchased a new stake in shares of PepsiCo in the fourth quarter worth about $480,000. Range Financial Group LLC grew its holdings in PepsiCo by 24.0% during the fourth quarter. Range Financial Group LLC now owns 2,286 shares of the company’s stock worth $348,000 after acquiring an additional 443 shares during the period. Rise Advisors LLC lifted its holdings in PepsiCo by 10.2% in the fourth quarter. Rise Advisors LLC now owns 1,225 shares of the company’s stock valued at $186,000 after acquiring an additional 113 shares during the period. Finally, ShankerValleau Wealth Advisors Inc. boosted its position in PepsiCo by 2.4% in the 4th quarter. ShankerValleau Wealth Advisors Inc. now owns 8,529 shares of the company’s stock worth $1,297,000 after purchasing an additional 200 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PEP shares. Bank of America decreased their target price on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price on the stock. in a research note on Friday, September 20th. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Piper Sandler initiated coverage on PepsiCo in a report on Tuesday. They issued an “overweight” rating and a $171.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $182.29.

PepsiCo Trading Down 0.6 %

Shares of PepsiCo stock opened at $145.40 on Wednesday. PepsiCo, Inc. has a 1-year low of $145.34 and a 1-year high of $183.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The stock’s 50 day simple moving average is $158.60 and its 200-day simple moving average is $166.97. The stock has a market cap of $199.49 billion, a P/E ratio of 21.45, a P/E/G ratio of 2.94 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. During the same period in the previous year, the firm earned $2.25 earnings per share. PepsiCo’s quarterly revenue was down .6% compared to the same quarter last year. Analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

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.