Ausdal Financial Partners Inc. Has $1.55 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Ausdal Financial Partners Inc. increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 28.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,177 shares of the company’s stock after purchasing an additional 2,270 shares during the period. Ausdal Financial Partners Inc.’s holdings in PepsiCo were worth $1,547,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Collier Financial purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $28,000. Creative Capital Management Investments LLC purchased a new position in PepsiCo during the 4th quarter worth $30,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo in the 3rd quarter worth $31,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $34,000. Finally, Human Investing LLC bought a new position in shares of PepsiCo during the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Citigroup decreased their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. BNP Paribas decreased their price target on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Jefferies Financial Group cut PepsiCo from a “buy” rating to a “hold” rating and cut their price objective for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft decreased their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Finally, Piper Sandler started coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target for the company. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average target price of $169.88.

PepsiCo Stock Up 2.1 %

Shares of NASDAQ PEP opened at $148.64 on Thursday. The business has a 50-day simple moving average of $149.16 and a two-hundred day simple moving average of $158.43. 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 $203.86 billion, a P/E ratio of 21.39, a P/E/G ratio of 3.09 and a beta of 0.52. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the company earned $1.78 earnings per share. PepsiCo’s revenue for the quarter was down .2% on a year-over-year basis. Research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

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 paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.65%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio is 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.