PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Hardy Reed LLC

Hardy Reed LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,909 shares of the company’s stock after selling 151 shares during the quarter. Hardy Reed LLC’s holdings in PepsiCo were worth $290,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. Highline Wealth Partners LLC purchased a new position in shares of PepsiCo during the 3rd quarter worth $28,000. Collier Financial purchased a new position in shares of PepsiCo during the 4th quarter worth $28,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo during the 3rd quarter worth $31,000. Rakuten Securities Inc. raised its holdings in shares of PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares during the period. Finally, Creative Capital Management Investments LLC purchased a new stake in PepsiCo in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $145.81 on Thursday. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a market cap of $199.98 billion, a PE ratio of 20.98, a P/E/G ratio of 2.97 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The business has a 50-day simple moving average of $149.16 and a 200-day simple moving average of $162.60.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the previous year, the company posted $1.78 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.34 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared 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 3.72%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Wall Street Analysts Forecast Growth

PEP has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Citigroup reduced their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Piper Sandler initiated coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective on the stock. Morgan Stanley reduced their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Finally, Evercore ISI reduced their price objective on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo presently has an average rating of “Hold” and an average price target of $171.47.

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.