Walled Lake Planning & Wealth Management LLC Sells 78 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Walled Lake Planning & Wealth Management LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,379 shares of the company’s stock after selling 78 shares during the period. Walled Lake Planning & Wealth Management LLC’s holdings in PepsiCo were worth $362,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Howard Capital Management Group LLC increased its position in shares of PepsiCo by 2.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after buying an additional 90 shares in the last quarter. Fred Alger Management LLC increased its stake in PepsiCo by 1.2% during the 3rd quarter. Fred Alger Management LLC now owns 50,431 shares of the company’s stock worth $8,576,000 after purchasing an additional 589 shares in the last quarter. L.M. Kohn & Company raised its holdings in PepsiCo by 1.7% during the 3rd quarter. L.M. Kohn & Company now owns 17,262 shares of the company’s stock worth $2,935,000 after buying an additional 283 shares during the period. Encompass More Asset Management lifted its stake in PepsiCo by 38.9% in the third quarter. Encompass More Asset Management now owns 2,432 shares of the company’s stock valued at $414,000 after buying an additional 681 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY boosted its holdings in shares of PepsiCo by 1.6% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 112,987 shares of the company’s stock valued at $19,213,000 after buying an additional 1,797 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ PEP opened at $149.27 on Friday. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The stock has a market cap of $204.72 billion, a PE ratio of 21.48, a P/E/G ratio of 3.09 and a beta of 0.52. The firm has a 50-day moving average of $149.25 and a 200-day moving average of $158.03. 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 (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 was down .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.78 earnings per share. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current 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 given a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.63%. PepsiCo’s payout ratio is presently 77.99%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PEP shares. HSBC cut their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Royal Bank of Canada began coverage on PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 target price on the stock. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Piper Sandler started coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $169.88.

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.