PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Lifted by Massachusetts Wealth Management

Massachusetts Wealth Management increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 13,581 shares of the company’s stock after buying an additional 100 shares during the period. Massachusetts Wealth Management’s holdings in PepsiCo were worth $2,065,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. AMF Tjanstepension AB increased its stake in shares of PepsiCo by 15.8% in the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock valued at $50,016,000 after purchasing an additional 40,031 shares during the period. Czech National Bank increased its position in PepsiCo by 6.8% in the 3rd quarter. Czech National Bank now owns 279,811 shares of the company’s stock valued at $47,582,000 after acquiring an additional 17,833 shares during the period. Miracle Mile Advisors LLC raised its stake in PepsiCo by 12.4% during the 3rd quarter. Miracle Mile Advisors LLC now owns 13,829 shares of the company’s stock valued at $2,352,000 after acquiring an additional 1,527 shares in the last quarter. Atwood & Palmer Inc. boosted its position in PepsiCo by 1.2% during the 3rd quarter. Atwood & Palmer Inc. now owns 13,753 shares of the company’s stock worth $2,339,000 after acquiring an additional 160 shares during the period. Finally, Pacifica Partners Inc. increased its holdings in shares of PepsiCo by 4.6% during the third quarter. Pacifica Partners Inc. now owns 20,425 shares of the company’s stock valued at $3,473,000 after purchasing an additional 892 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 4.5 %

NASDAQ PEP opened at $143.49 on Wednesday. The firm’s 50 day moving average price is $152.86 and its two-hundred day moving average price is $164.71. The stock has a market cap of $196.87 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 2.92 and a beta of 0.54. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the business earned $1.78 EPS. Equities analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were given a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.78%. PepsiCo’s payout ratio is 79.94%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. TD Cowen reduced their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Piper Sandler started coverage on PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Finally, Evercore ISI dropped their price objective on PepsiCo from $180.00 to $160.00 in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $173.53.

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.