PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Allegheny Financial Group

Allegheny Financial Group cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 9.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,831 shares of the company’s stock after selling 502 shares during the period. Allegheny Financial Group’s holdings in PepsiCo were worth $735,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Collier Financial purchased a new stake in shares of PepsiCo during the fourth quarter valued at $28,000. WealthTrak Capital Management LLC purchased a new stake in PepsiCo during the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo in the fourth quarter valued at about $30,000. Prudent Man Investment Management Inc. purchased a new position in shares of PepsiCo in the fourth quarter worth about $30,000. Finally, Summit Securities Group LLC acquired a new stake in shares of PepsiCo during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Piper Sandler started coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target for the company. HSBC decreased their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Barclays cut their price target on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Monday. BNP Paribas lowered their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Finally, UBS Group reduced their price target on PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $160.69.

PepsiCo Stock Down 1.5 %

Shares of NASDAQ PEP opened at $133.55 on Friday. The firm has a market cap of $183.14 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. The company’s 50-day simple moving average is $146.40 and its 200-day simple moving average is $152.82. 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, Inc. has a 52-week low of $131.52 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). The firm had revenue of $17.92 billion for the quarter, compared to analysts’ expectations of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.61 earnings per share. Equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 4.06%. PepsiCo’s dividend payout ratio (DPR) is presently 79.71%.

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.