Financial Counselors Inc. Decreases Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Financial Counselors Inc. reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 352,862 shares of the company’s stock after selling 11,811 shares during the period. Financial Counselors Inc.’s holdings in PepsiCo were worth $53,656,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Collier Financial purchased a new stake in shares of PepsiCo in the 4th quarter worth about $28,000. Creative Capital Management Investments LLC bought a new position in PepsiCo in the fourth quarter worth about $30,000. Legacy Investment Solutions LLC purchased a new stake in PepsiCo in the third quarter worth about $31,000. Bay Harbor Wealth Management LLC purchased a new position in shares of PepsiCo during the 4th quarter worth approximately $34,000. Finally, Human Investing LLC bought a new position in shares of PepsiCo in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $145.54 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The firm’s 50-day moving average price is $149.09 and its 200-day moving average price is $158.50. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a market cap of $199.61 billion, a PE ratio of 20.94, a PEG ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.78 EPS. As a group, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.72%. PepsiCo’s dividend payout ratio is currently 77.99%.

Analysts Set New Price Targets

Several brokerages recently weighed in on PEP. Piper Sandler started coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target on the stock. Evercore ISI decreased their price target on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. TD Cowen dropped their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. dropped their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $169.88.

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.