Proficio Capital Partners LLC Grows Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Proficio Capital Partners LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 18,563.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 676,534 shares of the company’s stock after buying an additional 672,909 shares during the period. Proficio Capital Partners LLC’s holdings in PepsiCo were worth $102,874,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PEP. Highline Wealth Partners LLC purchased a new position in shares of PepsiCo in the 3rd quarter valued at about $28,000. Collier Financial purchased a new position in shares of PepsiCo in the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo in the 4th quarter valued at about $30,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo in the 3rd quarter valued at about $31,000. Finally, Rakuten Securities Inc. increased its stake in shares of PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Morgan Stanley cut their price target 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. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Piper Sandler began 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. Citigroup cut their price objective on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company cut their price objective 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. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $171.47.

PepsiCo Trading Up 0.3 %

PEP opened at $152.02 on Friday. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The stock has a market capitalization of $208.50 billion, a PE ratio of 21.87, a P/E/G ratio of 3.09 and a beta of 0.54. The business’s 50 day moving average price is $148.57 and its 200 day moving average price is $161.73. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating 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 firm posted $1.78 earnings per share. The firm’s quarterly revenue was down .2% on a year-over-year basis. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is presently 77.99%.

PepsiCo Company 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.