PepsiCo, Inc. (NASDAQ:PEP) is Crescent Sterling Ltd.’s 10th Largest Position

Crescent Sterling Ltd. lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,700 shares of the company’s stock after selling 98 shares during the quarter. PepsiCo comprises about 3.1% of Crescent Sterling Ltd.’s holdings, making the stock its 10th biggest holding. Crescent Sterling Ltd.’s holdings in PepsiCo were worth $2,996,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clark & Stuart Inc acquired a new position in PepsiCo during the 4th quarter worth $4,437,000. Matrix Trust Co grew its position in shares of PepsiCo by 15.8% during the fourth quarter. Matrix Trust Co now owns 7,261 shares of the company’s stock worth $1,104,000 after buying an additional 992 shares in the last quarter. Aprio Wealth Management LLC increased its stake in shares of PepsiCo by 5.9% during the fourth quarter. Aprio Wealth Management LLC now owns 4,214 shares of the company’s stock worth $641,000 after buying an additional 233 shares during the period. Czech National Bank lifted its stake in PepsiCo by 6.3% in the fourth quarter. Czech National Bank now owns 297,475 shares of the company’s stock worth $45,234,000 after acquiring an additional 17,664 shares during the last quarter. Finally, Atlas Brown Inc. lifted its position in shares of PepsiCo by 0.7% during the 4th quarter. Atlas Brown Inc. now owns 25,215 shares of the company’s stock worth $3,834,000 after purchasing an additional 178 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 2.7 %

PEP opened at $142.64 on Monday. The business has a 50 day simple moving average of $157.35 and a 200-day simple moving average of $166.50. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The stock has a market capitalization of $195.70 billion, a P/E ratio of 21.04, a P/E/G ratio of 2.94 and a beta of 0.54. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were given a dividend of $1.355 per share. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.80%. PepsiCo’s payout ratio is currently 79.94%.

Wall Street Analysts Forecast Growth

PEP has been the subject of several recent analyst reports. Piper Sandler assumed coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. Barclays dropped their price target on PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised PepsiCo from a “hold” rating to a “buy” rating and increased their price objective for the company from $179.00 to $184.00 in a report on Thursday, December 12th. Wells Fargo & Company cut their target price on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, PepsiCo has an average rating of “Hold” and an average target price of $180.64.

About PepsiCo

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.