PepsiCo, Inc. (NASDAQ:PEP) Holdings Trimmed by Diversified Trust Co

Diversified Trust Co cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 10.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,946 shares of the company’s stock after selling 7,949 shares during the quarter. Diversified Trust Co’s holdings in PepsiCo were worth $10,636,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Global Wealth Strategies & Associates grew its position in PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. Highline Wealth Partners LLC purchased a new position in shares of PepsiCo during the 3rd quarter valued at $28,000. Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo in the third quarter worth $31,000. Rakuten Securities Inc. grew its stake in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares in the last quarter. Finally, Mattson Financial Services LLC bought a new stake in shares of PepsiCo in the 2nd quarter valued at approximately $34,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

PepsiCo stock traded up $0.33 during mid-day trading on Tuesday, hitting $146.60. 2,120,890 shares of the company’s stock traded hands, compared to its average volume of 5,405,821. PepsiCo, Inc. has a fifty-two week low of $146.10 and a fifty-two week high of $183.41. The stock has a market cap of $201.13 billion, a price-to-earnings ratio of 21.62, a P/E/G ratio of 2.94 and a beta of 0.54. The firm has a 50 day simple moving average of $159.04 and a two-hundred day simple moving average of $167.12. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. During the same quarter last year, the company earned $2.25 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. On average, research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.70%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is currently 79.94%.

Wall Street Analysts Forecast Growth

PEP has been the subject of several recent research reports. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price for the company. in a research report on Friday, September 20th. Barclays lowered their target price on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Piper Sandler began coverage on PepsiCo in a research report on Tuesday. They issued an “overweight” rating and a $171.00 price target for the company. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Finally, Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $182.29.

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.