Viewpoint Capital Management LLC Purchases 976 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Viewpoint Capital Management LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,600 shares of the company’s stock after buying an additional 976 shares during the quarter. PepsiCo makes up approximately 1.3% of Viewpoint Capital Management LLC’s investment portfolio, making the stock its 22nd largest position. Viewpoint Capital Management LLC’s holdings in PepsiCo were worth $2,524,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PEP. AMF Tjanstepension AB boosted its holdings in PepsiCo by 15.8% in the 3rd quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock valued at $50,016,000 after purchasing an additional 40,031 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in shares of PepsiCo by 49.7% in the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,976 shares of the company’s stock valued at $336,000 after buying an additional 656 shares during the period. ORG Wealth Partners LLC acquired a new stake in PepsiCo during the third quarter worth approximately $44,000. CX Institutional increased its stake in PepsiCo by 204.1% during the 3rd quarter. CX Institutional now owns 41,184 shares of the company’s stock worth $7,003,000 after acquiring an additional 27,643 shares during the period. Finally, Wesbanco Bank Inc. raised its holdings in PepsiCo by 1.2% in the 3rd quarter. Wesbanco Bank Inc. now owns 152,685 shares of the company’s stock valued at $25,964,000 after acquiring an additional 1,877 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PEP. BNP Paribas cut their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Royal Bank of Canada assumed coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price objective for the company. JPMorgan Chase & Co. reduced their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Finally, Piper Sandler initiated coverage on PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $171.47.

PepsiCo Trading Up 0.9 %

Shares of PepsiCo stock opened at $145.64 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.70 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $199.75 billion, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54. The stock has a fifty day simple moving average of $151.05 and a 200 day simple moving average of $163.87. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping 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 business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same period last year, the company posted $1.78 earnings per share. PepsiCo’s quarterly revenue was down .2% compared to the same quarter last year. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date 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 presently 77.99%.

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.