PepsiCo, Inc. (NASDAQ:PEP) Stock Position Decreased by HS Management Partners LLC

HS Management Partners LLC cut its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 422,051 shares of the company’s stock after selling 25,805 shares during the period. PepsiCo accounts for about 4.4% of HS Management Partners LLC’s investment portfolio, making the stock its 12th largest position. HS Management Partners LLC’s holdings in PepsiCo were worth $64,177,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PEP. Swedbank AB increased its holdings in shares of PepsiCo by 211.4% during the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock valued at $398,847,000 after acquiring an additional 1,592,343 shares during the last quarter. Howard Capital Management Group LLC increased its holdings in shares of PepsiCo by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after acquiring an additional 90 shares during the last quarter. Catalyst Capital Advisors LLC increased its holdings in shares of PepsiCo by 205.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 4,055 shares of the company’s stock valued at $690,000 after acquiring an additional 2,726 shares during the last quarter. United Advisor Group LLC increased its holdings in shares of PepsiCo by 25.5% during the 3rd quarter. United Advisor Group LLC now owns 2,625 shares of the company’s stock valued at $446,000 after acquiring an additional 534 shares during the last quarter. Finally, HF Advisory Group LLC acquired a new position in shares of PepsiCo during the 3rd quarter valued at about $403,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Down 0.2 %

Shares of PEP opened at $153.88 on Thursday. The stock has a fifty day moving average price of $148.73 and a two-hundred day moving average price of $161.14. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. 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 $211.05 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the firm earned $1.78 EPS. Analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.52%. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. UBS Group lowered their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. lowered 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. BNP Paribas lowered their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Piper Sandler assumed coverage on PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price on the stock. Finally, Wells Fargo & Company lowered their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. 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, the company presently has a consensus rating of “Hold” and an average target price 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.