CapWealth Advisors LLC Raises Holdings in PepsiCo, Inc. (NASDAQ:PEP)

CapWealth Advisors LLC grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,056 shares of the company’s stock after purchasing an additional 665 shares during the period. PepsiCo makes up 1.8% of CapWealth Advisors LLC’s investment portfolio, making the stock its 25th largest position. CapWealth Advisors LLC’s holdings in PepsiCo were worth $16,127,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PEP. AMF Tjanstepension AB increased its stake in PepsiCo by 15.8% during the 3rd quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock worth $50,016,000 after buying an additional 40,031 shares during the period. Swedbank AB grew its stake in PepsiCo by 211.4% during the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after purchasing an additional 1,592,343 shares in the last quarter. SPC Financial Inc. grew its position in shares of PepsiCo by 5.2% during the third quarter. SPC Financial Inc. now owns 3,032 shares of the company’s stock worth $516,000 after buying an additional 151 shares in the last quarter. Bfsg LLC increased its stake in shares of PepsiCo by 1.6% during the third quarter. Bfsg LLC now owns 12,863 shares of the company’s stock worth $2,187,000 after buying an additional 201 shares during the period. Finally, Good Life Advisors LLC raised its holdings in PepsiCo by 74.9% in the third quarter. Good Life Advisors LLC now owns 6,221 shares of the company’s stock valued at $1,058,000 after acquiring an additional 2,664 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PEP has been the subject of several recent analyst reports. TD Cowen decreased their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Royal Bank of Canada started coverage on PepsiCo in a report on Tuesday, February 4th. They set a $172.00 price objective on the stock. UBS Group cut their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, Piper Sandler assumed coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target for the company. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, PepsiCo currently has an average rating of “Hold” and a consensus target price of $171.47.

PepsiCo Stock Performance

Shares of PEP opened at $143.39 on Friday. The company has a 50-day simple moving average of $150.09 and a 200-day simple moving average of $163.41. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $196.66 billion, a PE ratio of 20.63, a P/E/G ratio of 2.89 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the prior year, the company earned $1.78 earnings per share. PepsiCo’s revenue was down .2% compared to the same quarter last year. Equities research analysts predict that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date is Friday, March 7th. PepsiCo’s payout ratio is currently 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.