Harbor Advisory Corp MA Sells 148 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Harbor Advisory Corp MA reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,792 shares of the company’s stock after selling 148 shares during the period. PepsiCo accounts for 1.5% of Harbor Advisory Corp MA’s holdings, making the stock its 24th biggest holding. Harbor Advisory Corp MA’s holdings in PepsiCo were worth $4,530,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Portfolio Design Labs LLC increased its position in shares of PepsiCo by 28.4% during the fourth quarter. Portfolio Design Labs LLC now owns 23,308 shares of the company’s stock worth $3,544,000 after acquiring an additional 5,152 shares in the last quarter. Augustine Asset Management Inc. increased its position in shares of PepsiCo by 1.4% during the fourth quarter. Augustine Asset Management Inc. now owns 8,423 shares of the company’s stock worth $1,281,000 after acquiring an additional 114 shares in the last quarter. Community Bank & Trust Waco Texas increased its position in shares of PepsiCo by 1.9% during the fourth quarter. Community Bank & Trust Waco Texas now owns 44,794 shares of the company’s stock worth $6,811,000 after acquiring an additional 828 shares in the last quarter. Collier Financial bought a new stake in shares of PepsiCo during the fourth quarter worth about $28,000. Finally, Single Point Partners LLC bought a new stake in shares of PepsiCo during the fourth quarter worth about $211,000. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PEP has been the subject of several recent research reports. BNP Paribas decreased their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Royal Bank of Canada assumed coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 target price for the company. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Evercore ISI reduced their price objective on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Finally, Piper Sandler began coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $171.47.

PepsiCo Stock Up 0.9 %

PEP stock opened at $145.64 on Wednesday. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The firm has a market capitalization of $199.75 billion, a PE ratio of 20.96, a PEG ratio of 2.89 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The stock has a 50-day simple moving average of $151.05 and a two-hundred day simple moving average of $163.87.

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. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter last year, the business posted $1.78 earnings per share. The firm’s revenue was down .2% compared to the same quarter last year. On average, equities analysts predict that PepsiCo, Inc. will post 8.34 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 3.72%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

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.