Insigneo Advisory Services LLC Sells 4,220 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Insigneo Advisory Services LLC decreased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 39.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,365 shares of the company’s stock after selling 4,220 shares during the quarter. Insigneo Advisory Services LLC’s holdings in PepsiCo were worth $968,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Finer Wealth Management Inc. boosted its stake in PepsiCo by 1.4% in the fourth quarter. Finer Wealth Management Inc. now owns 15,757 shares of the company’s stock worth $2,396,000 after purchasing an additional 210 shares in the last quarter. Stenger Family Office LLC bought a new stake in PepsiCo during the 4th quarter worth about $334,000. Finward Bancorp acquired a new stake in PepsiCo in the 4th quarter valued at about $627,000. M Holdings Securities Inc. bought a new position in shares of PepsiCo in the fourth quarter worth about $2,111,000. Finally, Lafayette Investments Inc. lifted its position in shares of PepsiCo by 9.7% during the fourth quarter. Lafayette Investments Inc. now owns 44,167 shares of the company’s stock worth $6,716,000 after purchasing an additional 3,892 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on PEP. HSBC reduced their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Wells Fargo & Company decreased their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, January 24th. UBS Group reduced their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Finally, Piper Sandler assumed 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. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average target price of $168.12.

PepsiCo Price Performance

NASDAQ PEP opened at $140.09 on Thursday. 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 $138.33 and a 52-week high of $183.41. The business has a 50 day simple moving average of $148.25 and a 200 day simple moving average of $155.32. The stock has a market cap of $192.11 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 3.09 and a beta of 0.49.

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

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date was Friday, March 7th. PepsiCo’s dividend payout ratio is presently 77.99%.

About PepsiCo

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.