Maia Wealth LLC Lowers Stake in PepsiCo, Inc. (NASDAQ:PEP)

Maia Wealth LLC decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 20.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,101 shares of the company’s stock after selling 551 shares during the quarter. Maia Wealth LLC’s holdings in PepsiCo were worth $325,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Collier Financial purchased a new position in PepsiCo during the 4th quarter valued at about $28,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo in the third quarter valued at approximately $31,000. Rakuten Securities Inc. grew its holdings in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares in the last quarter. Creative Capital Management Investments LLC purchased a new stake in PepsiCo during the 4th quarter worth approximately $30,000. Finally, Bay Harbor Wealth Management LLC acquired a new stake in PepsiCo during the 4th quarter worth approximately $34,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Up 1.0 %

PEP opened at $153.47 on Monday. The business has a 50 day moving average price of $148.59 and a two-hundred day moving average price of $161.44. 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 $210.48 billion, a PE ratio of 22.08, a P/E/G ratio of 3.09 and a beta of 0.54. 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 results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the company earned $1.78 earnings per share. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

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 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 3.53%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PEP shares. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. UBS Group dropped their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Citigroup decreased their target price on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Piper Sandler assumed coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target on the stock. Finally, Royal Bank of Canada started coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo has an average rating of “Hold” and a consensus price target of $171.47.

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.