Hemington Wealth Management Has $96,000 Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Hemington Wealth Management lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 22.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 634 shares of the company’s stock after selling 179 shares during the period. Hemington Wealth Management’s holdings in PepsiCo were worth $96,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in PEP. Highline Wealth Partners LLC acquired a new position in PepsiCo in the third quarter valued at about $28,000. Collier Financial bought a new position in PepsiCo during the 4th quarter worth about $28,000. Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo in the 3rd quarter valued at about $31,000. Rakuten Securities Inc. raised its position in PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after buying an additional 96 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC bought a new stake in shares of PepsiCo in the fourth quarter worth $34,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on PEP. Piper Sandler began coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. CICC Research reissued a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $171.47.

PepsiCo Stock Performance

NASDAQ PEP opened at $143.99 on Thursday. The company has a market capitalization of $197.48 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 2.89 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 stock has a fifty day simple moving average of $150.73 and a 200 day simple moving average of $163.68. The company has a quick ratio of 0.70, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.78 earnings per share. Sell-side analysts expect that PepsiCo, Inc. will post 8.34 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.76%. PepsiCo’s dividend payout ratio is currently 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.