Millstone Evans Group LLC Invests $819,000 in PepsiCo, Inc. (NASDAQ:PEP)

Millstone Evans Group LLC acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,383 shares of the company’s stock, valued at approximately $819,000.

Other large investors have also bought and sold shares of the company. Washington Trust Bank boosted its holdings in PepsiCo by 16.5% in the fourth quarter. Washington Trust Bank now owns 10,602 shares of the company’s stock valued at $1,612,000 after acquiring an additional 1,500 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at $371,000. Lee Danner & Bass Inc. increased its position in shares of PepsiCo by 4.6% during the fourth quarter. Lee Danner & Bass Inc. now owns 16,589 shares of the company’s stock worth $2,522,000 after buying an additional 732 shares during the period. Loudon Investment Management LLC raised its stake in PepsiCo by 6.5% during the fourth quarter. Loudon Investment Management LLC now owns 9,309 shares of the company’s stock worth $1,416,000 after buying an additional 565 shares during the last quarter. Finally, HUB Investment Partners LLC lifted its holdings in PepsiCo by 3.5% in the fourth quarter. HUB Investment Partners LLC now owns 21,908 shares of the company’s stock valued at $3,331,000 after buying an additional 738 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 1.2 %

NASDAQ PEP opened at $145.45 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The business has a fifty day simple moving average of $149.04 and a 200 day simple moving average of $159.22. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The firm has a market capitalization of $199.48 billion, a P/E ratio of 20.93, a PEG ratio of 3.09 and a beta of 0.52.

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio is presently 77.99%.

Analyst Ratings Changes

Several research analysts have recently weighed in on PEP shares. Evercore ISI lowered their price objective on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. UBS Group dropped their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. 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 target price on the stock. Finally, JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $169.88.

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.